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Ares Capital(ARCC) - 2024 Q1 - Earnings Call Presentation
2024-05-01 11:37
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 First Quarter 2024 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 to risks and uncertainties. Actual outcomes and results could differ mate ...
Ares Capital(ARCC) - 2024 Q1 - Quarterly Report
2024-05-01 01:40
Title of each class Trading symbol Name of each exchange on which registered Common stock, par value $0.001 per share ARCC NASDAQ Global Select Market Class Outstanding at April 26, 2024 Common stock, $0.001 par value 607,763,554 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...
Ares Capital(ARCC) - 2024 Q1 - Quarterly Results
2024-05-01 01:30
Exhibit 99.1 As of ARES CAPITAL CORPORATION ANNOUNCES MARCH 31, 2024 FINANCIAL RESULTS AND DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.48 PER SHARE DIVIDEND DECLARATIONS New York, NY — May 1, 2024 — Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a second quarter 2024 dividend of $0.48 per share. The second quarter 2024 dividend is payable on June 28, 2024 to stockholders of record as of June 14, 2024. MARCH 31, 2024 FINANCIAL RESULTS Ares Capital ...
Ares Capital (ARCC) to Report Q1 Earnings: What's in Store?
Zacks Investment Research· 2024-04-30 17:05
Ares Capital Corporation (ARCC) is scheduled to announce first-quarter 2024 results on May 1, before market open. Its revenues and earnings are anticipated to have improved in the quarter on a year-over-year basis.In the last reported quarter, ARCC’s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by an improvement in total investment income. Also, the company’s portfolio activity was robust. However, an increase in expenses hurt the results to some extent.Ares Capital has a de ...
Ares Capital: Floating Interests Would Be Affected By Rate Cuts
Seeking Alpha· 2024-04-30 04:29
We Are Ares Capital (NASDAQ:ARCC) is the largest business development company (BDC) in the world with $12.6 billion in market cap and a portfolio that, measured at fair value, was worth $22.9 billion in Q4 2023 holding different sub-asset classes among 505 portfolio companies. Currently, this BDC offers a dividend yield of 9.2%, most recent payout ratio of 71.9% and Seeking Alpha's dividend safety score of C+. I assume that most of you who are reading this analysis come to see why I am rating this stock wit ...
Ares Capital: The Investment Attractiveness Has Increased Despite The Share Price Run Up
Seeking Alpha· 2024-04-30 03:44
Hiroshi Watanabe Late December last year, I issued an article comparing the largest BDC - Ares Capital (NASDAQ:ARCC) - with the second largest one, FS KKR Capital (FSK). While I was bullish on both BDCs, I preferred allocating slightly more in FSK due to the following reasons: FSK traded at a discount to NAV, while ARCC had an embedded premium. FSK's share price had been under the pressure for quite some time due to a notable build-up of non-accruals, which according to the Management was set to change. FS ...
Looking For Passive Income? Here Are 5 Ultra-High-Yield Dividend Stocks to Buy and Hold For a Decade
The Motley Fool· 2024-04-28 18:13
Some of the best, proven sources of dividend income involve real estate investment trusts, master limited partnerships, and business development companies.There are loads of ways to generate passive income. One of the best ways to supplement portfolio growth is to seek out dividend stocks.But when it comes to dividend income, did you know that some opportunities may be more reliable than others?Let's break down five companies that are established dividend payers, and assess why holding each of these stocks ...
Ares Capital: High Quality But Awaiting Better Entry (Downgrade)
Seeking Alpha· 2024-04-26 17:31
LockieCurrieOverview I previously covered Ares Capital (NASDAQ:ARCC) in December 2023 with a Buy when there was an expectation that interest rates would come down soon. However, with the latest CPI report reinforcing the idea that the Fed will likely not begin cutting rates any time soon, I wanted to revisit one of my favorite Business Development Companies to provide an update outlook. Since my initial coverage back in December, ARCC has provided a total return that's slightly higher than the S&P 500 ( ...
Wall Street's Insights Into Key Metrics Ahead of Ares Capital (ARCC) Q1 Earnings
Zacks Investment Research· 2024-04-26 14:21
Wall Street analysts forecast that Ares Capital (ARCC) will report quarterly earnings of $0.59 per share in its upcoming release, pointing to a year-over-year increase of 5.4%. It is anticipated that revenues will amount to $701.4 million, exhibiting an increase of 13.5% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration ...
Bain Capital Specialty Finance: Q4, A Double-Digit Yielding BDC That Deserves More Appreciation
Seeking Alpha· 2024-04-24 15:30
1001Love/iStock via Getty ImagesIntroduction With high interest rates, many business development companies have enjoyed share price appreciation from their predominantly floating rate portfolios. Over the last two years, since the start of rate hikes, many trade at large premiums to their NAV prices. But there are still a few BDCs that I consider to be of high quality that investors can still get at a discount to their NAV. One of those is Bain Capital Specialty Finance (NYSE:BCSF). And in this article ...