Ares Capital Q2 Earnings: Buy, Sell, Or Hold?

Sergey_P We last covered Ares Capital (NASDAQ:ARCC) back at the beginning of May following its Q1 earnings release. At the time, we were neutral on the stock's forward outlook as it appeared to be fundamentally sound and offered an attractive 9.2% forward dividend yield, while its 7.3% premium to NAV was rich relative to its history of trading roughly in line with NAV. We also noted Ares Capital's management commentary, as well as the commentary of other management teams in the BDC sector, indicating that t ...