Best In Class Specialty Finance Company Offers 9.6% Yield Plus 15% Upside Potential [Seeking Alpha]
Ares Capital Corporation - Closed End Fund (ARCC)
Last ares capital corporation - closed end fund earnings: 2/12 06:22 am
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US:NASDAQ Investor Relations:
arescapitalcorp-ir.com
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Source: Seeking Alpha
Best In Class Specialty Finance Company Offers 9.6% Yield Plus 15% Upside PotentialSummaryARCC is a leading specialty finance company that is uniquely positioned as the largest BDC catering to the financing needs of middle market companies.$12.3 billion in assets and equity market capitalization of $6.8 billion provides ARCC significant benefits, diversification, direct loan origination and market access not available to most BDCs.ARCC closed its acquisition of ACAS on 1/3/17. Through 12/31/17, ARCC has net realized and unrealized gains of $269 million on the $2.5 billion of investments acquired in the acquisition.ARCC has an asset sensitive balance sheet - its net income will increase as interest rates rise. An increase of 1.0% in interest rates could increase EPS by $0.17 per share.Currently trading at $15.90 (95% of NAV), ARCC should easily trade at a 10% premium to NAV - implying a price above $18.00 per share - an approximately 15% gain to its current share price.
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News
- Ares Capital (ARCC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release [Yahoo! Finance]Yahoo! Finance
- Ares Capital (ARCC) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Ares Capital (ARCC) Flat As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Ares Capital Corporation (ARCC) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- Ares Capital (ARCC) Flat As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
ARCC
Earnings
- 2/7/24 - Beat
ARCC
Sec Filings
- 4/17/24 - Form 8-K
- 4/3/24 - Form 8-K
- 3/22/24 - Form 10-K/A
- ARCC's page on the SEC website