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Ares Capital
ARCC

$20.59
0.49%
 

About: Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.

Employees: 870

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 4 analysts
0
News positive %
of 31 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

44% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 63

32% more repeat investments, than reductions

Existing positions increased: 261 | Existing positions reduced: 197

15% more funds holding in top 10

Funds holding in top 10: 13 [Q3] → 15 (+2) [Q4]

4% more funds holding

Funds holding: 637 [Q3] → 665 (+28) [Q4]

3% more capital invested

Capital invested by funds: $3.24B [Q3] → $3.34B (+$109M) [Q4]

0.48% less ownership

Funds ownership: 29.8% [Q3] → 29.32% (-0.48%) [Q4]

64% less call options, than puts

Call options by funds: $51.6M | Put options by funds: $144M

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$20
3%
downside
Avg. target
$21
1%
upside
High target
$21
2%
upside

4 analyst ratings

positive
50%
neutral
50%
negative
0%
JMP Securities
Devin Ryan
2%upside
$21
Market Outperform
Reiterated
26 Mar 2024
Wells Fargo
Timothy O'Shea
3%downside
$20
Equal-Weight
Maintained
29 Jan 2024
B. Riley Securities
Bryce Rowe
2%upside
$21
Neutral
Downgraded
8 Jan 2024
JP Morgan
Melissa Gorham
2%upside
$21
Overweight
Maintained
25 Oct 2023

Financial journalist opinion

Based on 31 articles about ARCC published over the past 30 days