19-Apr-2024
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Ares Capital Corporation Schedules Earnings Release for the First Quarter Ended March 31, 2024
ACCESSWIRE (Wed, 3-Apr 7:04 AM ET)
Ares Capital Corporation to Present at the 2024 RBCCM Global Financial Institutions Conference
ACCESSWIRE (Tue, 27-Feb 4:17 PM ET)
ACCESSWIRE (Tue, 27-Feb 4:17 PM ET)
Ares Capital Corporation to Present at the 2024 UBS Financial Services Conference
ACCESSWIRE (Tue, 20-Feb 4:17 PM ET)
Ares Capital Corporation to Present at the 2024 BofA Securities Financial Services Conference
ACCESSWIRE (Wed, 14-Feb 4:16 PM ET)
Business Wire (Wed, 7-Feb 7:00 AM ET)
Ares Capital Corporation Announces Tax Reporting Information for Calendar Year 2023
ACCESSWIRE (Wed, 31-Jan 4:17 PM ET)
Ares Capital Corp is a US-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 which 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.
Ares Capital - Closed End trades on the NASDAQ stock market under the symbol ARCC.
As of April 19, 2024, ARCC stock price climbed to $20.59 with 2,384,245 million shares trading.
ARCC has a beta of 0.42, meaning it tends to be less sensitive to market movements. ARCC has a correlation of 0.19 to the broad based SPY ETF.
ARCC has a market cap of $8.80 billion. This is considered a Mid Cap stock.
In the last 3 years, ARCC stock traded as high as $23.00 and as low as $16.53.
ARCC has outperformed the market in the last year with a price return of +23.3% while the SPY ETF gained +21.2%. However, in the short term, ARCC had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.9% vs +4.3% return in SPY. But in the last 2 weeks, ARCC shares have fared better than the market returning +1.1% compared to SPY -3.5%.
ARCC support price is $20.25 and resistance is $20.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARCC stock will trade within this expected range on the day.