Ares CapitalARCC
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
69% more repeat investments, than reductions
Existing positions increased: 324 | Existing positions reduced: 192
57% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 46
2% more funds holding
Funds holding: 719 [Q2] → 731 (+12) [Q3]
2.61% less ownership
Funds ownership: 32.78% [Q2] → 30.17% (-2.61%) [Q3]
6% less capital invested
Capital invested by funds: $4.15B [Q2] → $3.91B (-$237M) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 15 [Q2] → 10 (-5) [Q3]
42% less call options, than puts
Call options by funds: $56.1M | Put options by funds: $97M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Wells Fargo Timothy O'Shea 57% 1-year accuracy 8 / 14 met price target | 2%downside $23 | Overweight Upgraded | 2 Dec 2024 |
B. Riley Securities Bryce Rowe 75% 1-year accuracy 6 / 8 met price target | 6%downside $22 | Neutral Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 39 articles about ARCC published over the past 30 days
