PM ImagesAres Capital (NASDAQ:ARCC) is a strong BDC with a long history of offering investors a relatively stable dividend yield. More recently, some concern has arisen over the likely impact of rate cuts on its net investment income (NII). Furthermore, there is growing concern over potential increases in non-accruals at BDCs such as ARCC. While ARCC has historically managed its portfolio prudently, recent trends suggest a potential rise in defaults among underlying portfolio companies. This phenomenon ...

Ares Capital (NASDAQ:ARCC) Bank of America Securities 2024 Financial Services Conference Call February 21, 2024 12:50 PM ET Company Participants Kort Schnabel - Co-President, Los Angeles Conference Call Participants Derek Hewett - Bank of America Merrill Lynch Derek Hewett Good afternoon. I'm Derek Hewett from Bank of America Securities. I cover the Specialty Finance sector, including Business Development companies. With us today is, Kort Schnabel, he is Co-President of Ares Capital Corporation and also a p ...

Ares Capital (NASDAQ:ARCC) Bank of America Securities 2024 Financial Services Conference Call February 21, 2024 12:50 PM ET Company Participants Kort Schnabel - Co-President, Los Angeles Conference Call Participants Derek Hewett - Bank of America Merrill Lynch Derek Hewett Good afternoon. I'm Derek Hewett from Bank of America Securities. I cover the Specialty Finance sector, including Business Development companies. With us today is, Kort Schnabel, he is Co-President of Ares Capital Corporation and also a p ...

JONGHO SHINAres Capital (NASDAQ:ARCC) operates as a business development corporation (BDC) lending into both distressed and middle-market businesses. It uses leverage to enhance returns. As with some BDCs, many of Ares' investment instruments contain floating rate clauses for both investments and debt. The two tend to increase and decrease with changing marketplace interest rates, but the movement is biased. In Ares' case, the return bias leans toward higher with higher rates and vice versa. The Chairma ...

tadamichi Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the second week of Februar ...

Pgiam/iStock via Getty Images Ares Capital (ARCC) and Main Street Capital (MAIN) are widely recognized for being the leading blue chips in the Business Development Company (i.e., "BDC") sector (BIZD). However, right now we wouldn't want to own either of them. In this article, we explain why and share three BDCs that we like more at the moment. Why We Don't Like ARCC Stock Or MAIN Stock Right Now ARCC and MAIN are wildly popular with retirees with legions of loyal fans for good reason: They pay very attract ...

PixelimageWhether a recession is on the horizon or not, Ares Capital Corporation (NASDAQ:ARCC) is in a good position to deliver stable net investment income in 2024. The business development company once again out earned its dividend with net investment income in the fourth quarter and grew its net asset value QoQ by $0.25 per share. Federal Reserve Chair Jerome Powell recently asserted that the central bank will move cautiously in terms of rate cuts this year, suggesting that a higher-for-longer rate e ...

Pick a category. You'll find some members of that category that especially stand above the rest of the pack.In the category of dividend stocks, I think Ares Capital (ARCC 0.30%) serves as a great example. The business development company (BDC) offers a dividend yield of more than 9.6%. This ultra-high-yield dividend stock looks like a no-brainer buy right now for income investors.Firing on (nearly) all cylindersAres Capital reported its fourth-quarter and full-year results on Thursday. It's fair to say the ...

Shares of Ares Capital Corporation (ARCC) gained 1.3% following the release of its fourth-quarter and 2023 results. Quarterly core earnings of 63 cents per share surpassed the Zacks Consensus Estimate of 59 cents. The bottom line was in line with the prior-year quarter’s figure.Results were primarily aided by an improvement in the total investment income. Also, the company’s portfolio activity was robust in the quarter. However, an increase in expenses hurt the results to some extent.GAAP net income was $41 ...

0 42 65 GENERAL 155 112 42 PALETTE 4 94 109 127 127 127 Credit 0 42 65 Private Equity BUSINESS 2 87 133 SECTOR PALETTE Real Estate 71 126 163 Strategic Initiative s 120 163 198 Fourth Quarter 2023 Earnings Presentation 0 42 65 Important Notice GENERAL 155 112 42 PALETTE This presentation contains “forward-looking statementsˮ within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are 4 94 109 subject t ...