Ares Capital Corporation

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Ares Capital Corporation (ARCC) Price Performance

Ares Capital Corporation (ARCC) trades on United States in USD. The company is classified in the Financial Services sector under the Asset Management industry. The stock currently trades at $17.96.

Over the past year, ARCC has traded between a low of $17.69 and a high of $22.23. The stock has lost 13.6% over this period. It is currently 19.2% below its 52-week high.

Ares Capital Corporation has a market capitalization of $12.82B, with a price-to-earnings ratio of 9.60 and a dividend yield of 10.92%.

About Ares Capital Corporation

Ares Capital Corporation is a business development company specializing in growth capital, acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It invest in the United States based companies. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $30 million and $500 million, in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.