Ares Capital Corp (ARCC) 15.13 $ARCC
Do BDCs Have Sustainable Business Models?
Motley Fool Staff - Motley Fool - Wed Dec 10, 6:00AM CST
Business development companies, or BDCs, are popular among income-seeking investors for their high dividend yields. However, whenever companies pay such high dividends, the question of sustainability comes up. We asked two of our analysts about the...
ARCC: 15.13 (-0.37)
Income favorites turn green
Seeking Alpha - at Seeking Alpha - Tue Dec 09, 11:57AM CST
IVR: 15.74 (-0.17), TCAP: 19.30 (-0.56), MTGE: 19.44 (-0.22), AGNC: 22.24 (-0.24), CYS: 9.16 (+0.01), HTS: 18.88 (-0.18), BDCS: 22.47 (-0.33), CMO: 12.67 (-0.21), MORL: 21.16 (-0.31), NLY: 11.41 (-0.11), BDCL: 20.40 (-0.64), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), MORT: 24.73 (-0.19), ARR: 3.67 (-0.05), REM: 12.37 (-0.12), TWO: 10.21 (-0.06), BIZD: 17.94 (-0.31), FSIC: 10.15 (-0.07), PSEC: 8.11 (-0.09)
Cash Dividend On The Way From Ares Capital (ARCC)
DividendChannel.com - Tue Dec 09, 9:26AM CST
Looking at the universe of stocks we cover at Dividend Channel, on 12/11/14, Ares Capital Corporation will trade ex-dividend, for its quarterly dividend of $0.38, payable on 12/31/14. As a percentage of ARCC's recent stock price of $15.92, this...
ARCC: 15.13 (-0.37)
Tax-Loss Harvesting For BDCs
BDC Buzz - at Seeking Alpha - Sun Dec 07, 5:56PM CST
NMFC: 14.21 (-0.36), HTGC: 14.44 (-0.42), MAIN: 29.48 (-0.74), TCAP: 19.30 (-0.56), BKCC: 8.14 (-0.17), FULL: 4.62 (-0.04), TICC: 8.05 (-0.20), SUNS: 14.85 (-0.17), BDCS: 22.47 (-0.33), GBDC: 16.91 (-0.26), PFLT: 13.34 (-0.48), GLAD: 8.50 (-0.15), TCPC: 15.89 (-0.18), SPY: 200.89 (-3.30), BDCL: 20.40 (-0.64), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), TSLX: 17.44 (-0.23), MCC: 8.84 (-0.16), KCAP: 6.85 (-0.17), BIZD: 17.94 (-0.31), FDUS: 14.29 (+0.17), PSEC: 8.11 (-0.09), FSIC: 10.15 (-0.07)
Are Investors Bailing on High-Yield BDCs?
Jordan Wathen, The Motley Fool - Motley Fool - Sat Dec 06, 4:00PM CST
A growing rift is emerging in high-yield stocks, specifically business development companies. In the past few months, many of the industry's biggest names have taken a dive as investors re-evaluate their willingness to accept higher risks for higher...
MAIN: 29.48 (-0.74), ARCC: 15.13 (-0.37), GBDC: 16.91 (-0.26), FSIC: 10.15 (-0.07)
Interserve Acquires the Employment & Skills Group
M2 - Fri Dec 05, 7:11AM CST
Interserve, the international support services and construction group, today announces that it has acquired the Employment & Skills Group (esg), a UK-based provider of vocational training, skills and employability services, from Ares Capital for a cash consideration of GBP25 million (the Transaction).
ARCC: 15.13 (-0.37)
Ares Management & GE Capital Provide £187M Debt Package to Fund Montagu's Acquisition of Open GI
Business Wire - Fri Dec 05, 5:24AM CST
Ares Management (NYSE: ARES) and GE Capital announced today that the European Senior Secured Loan Programme (ESSLP), a EUR1.75 billion joint venture between affiliates of the two firms, has provided a £187M financing package to fund the acquisition of Open GI, a UK-based software company, by Montagu Private Equity. The acquisition was primarily funded via the ESSLP Unitranche facility, which provides flexible and deliverable financing solutions of scale. Additional second lien and working capital facilities were provided by Ares and GE, respectively.
ARCC: 15.13 (-0.37), ARES: 16.50 (-0.29)
Investors start the month unloading BDCs
Seeking Alpha - at Seeking Alpha - Mon Dec 01, 10:17AM CST
PNNT: 9.73 (-0.27), MAIN: 29.48 (-0.74), BDCL: 20.40 (-0.64), TCAP: 19.30 (-0.56), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), BDCS: 22.47 (-0.33), BIZD: 17.94 (-0.31), FDUS: 14.29 (+0.17), FSIC: 10.15 (-0.07), PSEC: 8.11 (-0.09), OHAI: 4.89 (-0.28)
Post-Earnings Briefing - Ares Capital
PR Newswire - Mon Dec 01, 8:30AM CST
Investor-Edge.com has issued free post-earnings briefing on Ares Capital Corp. (NASDAQ: ARCC). On November 04, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on Ares Capital Corp. (Ares Capital). During Q3 FY14, the company's GAAP net income grew $0.05 per share from Q3 FY13. The company's CEO, Kipp deVeer, stated that Ares Capital has reported strong Q3 FY14 results, with GAAP earnings and core earnings, both exceeding the company's quarterly $0.38 per share dividend. Our free coverage report can be accessed at:
ARCC: 15.13 (-0.37)
Seven Fat Years Of Event-Driven Investing
Chris DeMuth Jr. - at Seeking Alpha - Mon Dec 01, 6:00AM CST
OSHC: 14.37 (-0.03), QLTI: 3.52 (-0.02), VRX: 138.71 (-0.18), GCVRZ: 0.75 (unch), COWN: 4.55 (-0.03), YHOO: 50.24 (+0.30), PFN: 10.10 (-0.20), LORL: 79.60 (-0.80), ARCC: 15.13 (-0.37), DTV: 83.47 (-0.43), ABBV: 65.27 (-1.76), GPT: 6.51 (+0.06), STRZA: 28.53 (-0.14), BABA: 105.11 (+0.14)
Insider Trading Alert - HI, ARCC And CTL Traded By Insiders
at The Street - Fri Nov 28, 10:00AM CST
Stocks with insider trader activity include HI, ARCC and CTL
HI: 31.91 (-0.68), ARCC: 15.13 (-0.37), CTL: 37.58 (-1.22)
Institutional Ownership Changes For BDCs
BDC Buzz - at Seeking Alpha - Wed Nov 26, 4:43AM CST
NMFC: 14.21 (-0.36), HTGC: 14.44 (-0.42), MAIN: 29.48 (-0.74), TCAP: 19.30 (-0.56), SLRC: 17.61 (-0.16), BKCC: 8.14 (-0.17), SUNS: 14.85 (-0.17), GBDC: 16.91 (-0.26), PFLT: 13.34 (-0.48), GLAD: 8.50 (-0.15), TCPC: 15.89 (-0.18), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), AINV: 7.38 (-0.17), TSLX: 17.44 (-0.23), KCAP: 6.85 (-0.17), PSEC: 8.11 (-0.09), FSIC: 10.15 (-0.07)
The Paradox Of Cheap Oil
Philip Mause - at Seeking Alpha - Mon Nov 24, 11:35PM CST
NLY: 11.41 (-0.11), NOG: 5.16 (-0.23), ACAS: 14.28 (-0.20), LXP: 11.03 (-0.05), ARCC: 15.13 (-0.37), HPT: 30.91 (-0.40), XOM: 86.60 (-2.60), COP: 62.45 (-1.16), SLB: 80.00 (-3.01)
BDC Fees: Old vs. New
Jordan Wathen, The Motley Fool - Motley Fool - Mon Nov 24, 2:29PM CST
Charlie Munger, Warren Buffett's sidekick, has a favorite story about employee incentives. It starts at FedEx . The night shift just can't seem to get things right -- packages are never processed on schedule. This is unfortunate because the night...
FDX: 175.79 (-1.09), TCPC: 15.89 (-0.18), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), GBDC: 16.91 (-0.26), PSEC: 8.11 (-0.09), FSIC: 10.15 (-0.07)
Ares Capital Earnings Review: 20 Days after Announcement Shares Up 1.6% (ARCC)
Comtex SmarTrend(R) - Mon Nov 24, 8:37AM CST
When Ares Capital (NASDAQ:ARCC) reported earnings two weeks ago on November 4th, 2014, analysts, on average, expected the company to report earnings of $0.38 on sales of $247.1 million. The company actually reported EPS of $0.40 on sales of $253.4 million, beating EPS estimates by $0.02 and beating revenue estimates by $6.3 million. Since the company's report, shares of Ares Capital have risen from $15.92 to $16.18, representing a gain of 1.6% in the past 20 days.
ARCC: 15.13 (-0.37)
Month-End Portfolio Data Now Available for Ares Management's Closed-End Funds
Business Wire - Mon Nov 24, 7:01AM CST
Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) and Ares Multi-Strategy Credit Fund, Inc. (NYSE:ARMF) as of October 31, 2014, are now available via www.arespublicfunds.com.
ARMF: 19.70 (-0.17), ARCC: 15.13 (-0.37), ARES: 16.50 (-0.29), ARDC: 15.88 (-0.26)
BDC Leverage And Interest Expense Coverage
BDC Buzz - at Seeking Alpha - Mon Nov 24, 1:40AM CST
NMFC: 14.21 (-0.36), HTGC: 14.44 (-0.42), MAIN: 29.48 (-0.74), PNNT: 9.73 (-0.27), TCAP: 19.30 (-0.56), SLRC: 17.61 (-0.16), BKCC: 8.14 (-0.17), GBDC: 16.91 (-0.26), GLAD: 8.50 (-0.15), TCPC: 15.89 (-0.18), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), MCC: 8.84 (-0.16), FDUS: 14.29 (+0.17), PSEC: 8.11 (-0.09), FSIC: 10.15 (-0.07)
Ares Capital prices public offering of USD400.0m notes due 2020
M2 - Wed Nov 19, 6:03AM CST
Ares Capital Corporation (Nasdaq:ARCC), a speciality finance company, stated on Wednesday that it has priced an underwritten public offering of USD400.0m aggregate principal amount of 3.875% notes due 2020.
ARCC: 15.13 (-0.37)
Ares Capital Corporation Prices Public Offering of $400.0 Million 3.875% Notes Due 2020
Business Wire - Tue Nov 18, 4:15PM CST
Ares Capital Corporation (Nasdaq:ARCC) announced that it has priced an underwritten public offering of $400.0 million in aggregate principal amount of 3.875% notes due 2020. The notes will mature on January 15, 2020 and may be redeemed in whole or in part at Ares Capital's option at any time at par plus a "make-whole" premium, if applicable.
ARCC: 15.13 (-0.37), ARES: 16.50 (-0.29), MS: 36.25 (-1.15)
Fitch Expects to Rate Ares Capital's Unsecured Notes 'BBB'
Business Wire - Tue Nov 18, 1:16PM CST
Fitch Ratings expects to assign a rating of 'BBB' to Ares Capital Corporation's (Ares) unsecured institutional debt issuance. Fitch does not expect there to be a material impact on the company's leverage levels as a result of the issuance, as proceeds will be used largely to repay borrowings on secured credit facilities.
ARCC: 15.13 (-0.37)
Do BDCs Have Sustainable Business Models?
Motley Fool Staff - Motley Fool - Wed Dec 10, 6:00AM CST
Business development companies, or BDCs, are popular among income-seeking investors for their high dividend yields. However, whenever companies pay such high dividends, the question of sustainability comes up. We asked two of our analysts about the...
ARCC: 15.13 (-0.37)
Income favorites turn green
Seeking Alpha - at Seeking Alpha - Tue Dec 09, 11:57AM CST
IVR: 15.74 (-0.17), TCAP: 19.30 (-0.56), MTGE: 19.44 (-0.22), AGNC: 22.24 (-0.24), CYS: 9.16 (+0.01), HTS: 18.88 (-0.18), BDCS: 22.47 (-0.33), CMO: 12.67 (-0.21), MORL: 21.16 (-0.31), NLY: 11.41 (-0.11), BDCL: 20.40 (-0.64), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), MORT: 24.73 (-0.19), ARR: 3.67 (-0.05), REM: 12.37 (-0.12), TWO: 10.21 (-0.06), BIZD: 17.94 (-0.31), FSIC: 10.15 (-0.07), PSEC: 8.11 (-0.09)
Cash Dividend On The Way From Ares Capital (ARCC)
DividendChannel.com - Tue Dec 09, 9:26AM CST
Looking at the universe of stocks we cover at Dividend Channel, on 12/11/14, Ares Capital Corporation will trade ex-dividend, for its quarterly dividend of $0.38, payable on 12/31/14. As a percentage of ARCC's recent stock price of $15.92, this...
ARCC: 15.13 (-0.37)
Tax-Loss Harvesting For BDCs
BDC Buzz - at Seeking Alpha - Sun Dec 07, 5:56PM CST
NMFC: 14.21 (-0.36), HTGC: 14.44 (-0.42), MAIN: 29.48 (-0.74), TCAP: 19.30 (-0.56), BKCC: 8.14 (-0.17), FULL: 4.62 (-0.04), TICC: 8.05 (-0.20), SUNS: 14.85 (-0.17), BDCS: 22.47 (-0.33), GBDC: 16.91 (-0.26), PFLT: 13.34 (-0.48), GLAD: 8.50 (-0.15), TCPC: 15.89 (-0.18), SPY: 200.89 (-3.30), BDCL: 20.40 (-0.64), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), TSLX: 17.44 (-0.23), MCC: 8.84 (-0.16), KCAP: 6.85 (-0.17), BIZD: 17.94 (-0.31), FDUS: 14.29 (+0.17), PSEC: 8.11 (-0.09), FSIC: 10.15 (-0.07)
Are Investors Bailing on High-Yield BDCs?
Jordan Wathen, The Motley Fool - Motley Fool - Sat Dec 06, 4:00PM CST
A growing rift is emerging in high-yield stocks, specifically business development companies. In the past few months, many of the industry's biggest names have taken a dive as investors re-evaluate their willingness to accept higher risks for higher...
MAIN: 29.48 (-0.74), ARCC: 15.13 (-0.37), GBDC: 16.91 (-0.26), FSIC: 10.15 (-0.07)
Interserve Acquires the Employment & Skills Group
M2 - Fri Dec 05, 7:11AM CST
Interserve, the international support services and construction group, today announces that it has acquired the Employment & Skills Group (esg), a UK-based provider of vocational training, skills and employability services, from Ares Capital for a cash consideration of GBP25 million (the Transaction).
ARCC: 15.13 (-0.37)
Ares Management & GE Capital Provide £187M Debt Package to Fund Montagu's Acquisition of Open GI
Business Wire - Fri Dec 05, 5:24AM CST
Ares Management (NYSE: ARES) and GE Capital announced today that the European Senior Secured Loan Programme (ESSLP), a EUR1.75 billion joint venture between affiliates of the two firms, has provided a £187M financing package to fund the acquisition of Open GI, a UK-based software company, by Montagu Private Equity. The acquisition was primarily funded via the ESSLP Unitranche facility, which provides flexible and deliverable financing solutions of scale. Additional second lien and working capital facilities were provided by Ares and GE, respectively.
ARCC: 15.13 (-0.37), ARES: 16.50 (-0.29)
Investors start the month unloading BDCs
Seeking Alpha - at Seeking Alpha - Mon Dec 01, 10:17AM CST
PNNT: 9.73 (-0.27), MAIN: 29.48 (-0.74), BDCL: 20.40 (-0.64), TCAP: 19.30 (-0.56), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), BDCS: 22.47 (-0.33), BIZD: 17.94 (-0.31), FDUS: 14.29 (+0.17), FSIC: 10.15 (-0.07), PSEC: 8.11 (-0.09), OHAI: 4.89 (-0.28)
Post-Earnings Briefing - Ares Capital
PR Newswire - Mon Dec 01, 8:30AM CST
Investor-Edge.com has issued free post-earnings briefing on Ares Capital Corp. (NASDAQ: ARCC). On November 04, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on Ares Capital Corp. (Ares Capital). During Q3 FY14, the company's GAAP net income grew $0.05 per share from Q3 FY13. The company's CEO, Kipp deVeer, stated that Ares Capital has reported strong Q3 FY14 results, with GAAP earnings and core earnings, both exceeding the company's quarterly $0.38 per share dividend. Our free coverage report can be accessed at:
ARCC: 15.13 (-0.37)
Seven Fat Years Of Event-Driven Investing
Chris DeMuth Jr. - at Seeking Alpha - Mon Dec 01, 6:00AM CST
OSHC: 14.37 (-0.03), QLTI: 3.52 (-0.02), VRX: 138.71 (-0.18), GCVRZ: 0.75 (unch), COWN: 4.55 (-0.03), YHOO: 50.24 (+0.30), PFN: 10.10 (-0.20), LORL: 79.60 (-0.80), ARCC: 15.13 (-0.37), DTV: 83.47 (-0.43), ABBV: 65.27 (-1.76), GPT: 6.51 (+0.06), STRZA: 28.53 (-0.14), BABA: 105.11 (+0.14)
Insider Trading Alert - HI, ARCC And CTL Traded By Insiders
at The Street - Fri Nov 28, 10:00AM CST
Stocks with insider trader activity include HI, ARCC and CTL
HI: 31.91 (-0.68), ARCC: 15.13 (-0.37), CTL: 37.58 (-1.22)
Institutional Ownership Changes For BDCs
BDC Buzz - at Seeking Alpha - Wed Nov 26, 4:43AM CST
NMFC: 14.21 (-0.36), HTGC: 14.44 (-0.42), MAIN: 29.48 (-0.74), TCAP: 19.30 (-0.56), SLRC: 17.61 (-0.16), BKCC: 8.14 (-0.17), SUNS: 14.85 (-0.17), GBDC: 16.91 (-0.26), PFLT: 13.34 (-0.48), GLAD: 8.50 (-0.15), TCPC: 15.89 (-0.18), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), AINV: 7.38 (-0.17), TSLX: 17.44 (-0.23), KCAP: 6.85 (-0.17), PSEC: 8.11 (-0.09), FSIC: 10.15 (-0.07)
The Paradox Of Cheap Oil
Philip Mause - at Seeking Alpha - Mon Nov 24, 11:35PM CST
NLY: 11.41 (-0.11), NOG: 5.16 (-0.23), ACAS: 14.28 (-0.20), LXP: 11.03 (-0.05), ARCC: 15.13 (-0.37), HPT: 30.91 (-0.40), XOM: 86.60 (-2.60), COP: 62.45 (-1.16), SLB: 80.00 (-3.01)
BDC Fees: Old vs. New
Jordan Wathen, The Motley Fool - Motley Fool - Mon Nov 24, 2:29PM CST
Charlie Munger, Warren Buffett's sidekick, has a favorite story about employee incentives. It starts at FedEx . The night shift just can't seem to get things right -- packages are never processed on schedule. This is unfortunate because the night...
FDX: 175.79 (-1.09), TCPC: 15.89 (-0.18), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), GBDC: 16.91 (-0.26), PSEC: 8.11 (-0.09), FSIC: 10.15 (-0.07)
Ares Capital Earnings Review: 20 Days after Announcement Shares Up 1.6% (ARCC)
Comtex SmarTrend(R) - Mon Nov 24, 8:37AM CST
When Ares Capital (NASDAQ:ARCC) reported earnings two weeks ago on November 4th, 2014, analysts, on average, expected the company to report earnings of $0.38 on sales of $247.1 million. The company actually reported EPS of $0.40 on sales of $253.4 million, beating EPS estimates by $0.02 and beating revenue estimates by $6.3 million. Since the company's report, shares of Ares Capital have risen from $15.92 to $16.18, representing a gain of 1.6% in the past 20 days.
ARCC: 15.13 (-0.37)
Month-End Portfolio Data Now Available for Ares Management's Closed-End Funds
Business Wire - Mon Nov 24, 7:01AM CST
Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) and Ares Multi-Strategy Credit Fund, Inc. (NYSE:ARMF) as of October 31, 2014, are now available via www.arespublicfunds.com.
ARMF: 19.70 (-0.17), ARCC: 15.13 (-0.37), ARES: 16.50 (-0.29), ARDC: 15.88 (-0.26)
BDC Leverage And Interest Expense Coverage
BDC Buzz - at Seeking Alpha - Mon Nov 24, 1:40AM CST
NMFC: 14.21 (-0.36), HTGC: 14.44 (-0.42), MAIN: 29.48 (-0.74), PNNT: 9.73 (-0.27), TCAP: 19.30 (-0.56), SLRC: 17.61 (-0.16), BKCC: 8.14 (-0.17), GBDC: 16.91 (-0.26), GLAD: 8.50 (-0.15), TCPC: 15.89 (-0.18), ARCC: 15.13 (-0.37), FSC: 7.93 (-0.25), MCC: 8.84 (-0.16), FDUS: 14.29 (+0.17), PSEC: 8.11 (-0.09), FSIC: 10.15 (-0.07)
Ares Capital prices public offering of USD400.0m notes due 2020
M2 - Wed Nov 19, 6:03AM CST
Ares Capital Corporation (Nasdaq:ARCC), a speciality finance company, stated on Wednesday that it has priced an underwritten public offering of USD400.0m aggregate principal amount of 3.875% notes due 2020.
ARCC: 15.13 (-0.37)
Ares Capital Corporation Prices Public Offering of $400.0 Million 3.875% Notes Due 2020
Business Wire - Tue Nov 18, 4:15PM CST
Ares Capital Corporation (Nasdaq:ARCC) announced that it has priced an underwritten public offering of $400.0 million in aggregate principal amount of 3.875% notes due 2020. The notes will mature on January 15, 2020 and may be redeemed in whole or in part at Ares Capital's option at any time at par plus a "make-whole" premium, if applicable.
ARCC: 15.13 (-0.37), ARES: 16.50 (-0.29), MS: 36.25 (-1.15)
Fitch Expects to Rate Ares Capital's Unsecured Notes 'BBB'
Business Wire - Tue Nov 18, 1:16PM CST
Fitch Ratings expects to assign a rating of 'BBB' to Ares Capital Corporation's (Ares) unsecured institutional debt issuance. Fitch does not expect there to be a material impact on the company's leverage levels as a result of the issuance, as proceeds will be used largely to repay borrowings on secured credit facilities.
ARCC: 15.13 (-0.37)
