Ares Capital: The Pros And Cons After Q2 FY24 Results (Rating Upgrade)

Dimitri Otis Performance assessment I had a 'Strong Sell' rating in my last coverage of Ares Capital (NASDAQ:ARCC) to reflect a high confidence view that the stock would lag the broader S&P500 (SPY) (SPX) market index. The active return on this view has been +0.95% so far:   Performance since Author's last article on Ares Capital (Seeking Alpha, Author's Last Article on Ares Capital) Thesis update After Q2 FY24 results, I am changing my stance to a more neutral view:  Investment activity has been strong ...