Ares Capital Corporation (ARCC)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD

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Visitors trend2W10W9M

20.20

-0.34

(-1.68%)

As of 11:22AM EDT. Market open.

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H
Today's 8K states all 9.2 million shares of the offering were bought at $19.00. Total cash $ 174.4 million. Good deal for the buyers.
K
New investor here. Sold PSEC to buy ARCC. Great company with an established dividend history.
Bullish
J
Pretty low volume for these price increases..always a puzzle.
But, love sharing their free cash flow!
d
Doesn't seem like that bad a thing paying down debt with stock offering. Not sure if by laws are part of the reason. This will bounce next week.
Bullish
V
Don't panic. When ARCC offers a secondary, it's always a buying opportunity. ALWAYS! They take that money and use it for for new investments.
T
Just read the earnings call transcript. ARCC management team feels pretty comfortable in managing the business in this more volatile market. I have owned this through the last two recessions and covid. The seem more confident now than in the past. I am holding and will add via DRIP, as earnings will continue to rise this year. The fed will pause on increases in the next couple qtrs and ARCC will be generating record earnings.
H
According to the 8K filed this morning the board declared a .43 dividend ( up a penny) as well as the .03 special div.
D
I am buying more today.
M
Still on conf call.. another solid quarter and set up for the future... widening credit spreads, more deal flow, virtually no change in credit profile exposure... larger portfolio companies which are more resilient in economic uncertainty... (twice the EBITDA from 5 years ago) all adds up to higher dividends going forward... They haven't yet realized the full effect of the rate adjustments...Core EPS could be 10-15% higher in coming quarters... Excellent management team has put this company in excellent position
V
Tomorrow, they announce the sec is fully subscribed.
Monday, they announce the sec is closed.
Tuesday, they announce the green shoe drops and it is closed.
Wednesday we're back to #20.

Always buy the dip when ARCC announces a sec. Just like every secondary they issue.
This is how they grow the business.
C
People that sold today will regret it
J
Can anyone post the dividend history?
j
Ares Capital Corporation (ARCC) reported Q2 core earnings of $0.46 per share, down from $0.53 a year earlier.

Analysts surveyed by Capital IQ expected $0.44.

Total investment income for the quarter ended June 30 was $479 million, up from $459 million a year earlier.

Analysts polled by Capital IQ forecast $466.2 million.

Additionally, the private equity firm said it has raised its quarterly dividend to $0.43 per share, from $0.42 per share in the prior quarter. The dividend is payable Sept. 30 to shareholders of record as of Sept. 15.
S
Feelin pretty good about the shares I bought at 17+. Should have bought more though.
T
Let that .75 % rate hike sink in and how much more Arcc will be making in interest payments in the qtrs ahead.
M
What is the share price of the new issue?
D
I typically don’t utilize the DRIP as I opt to reinvest distributions and dividends where, when, and how much at my own discretion. However, if u do DRIP there is no better time than now.
T
Another 75bp increase coming. More floating rate interest coming to ARCC. More special div's next yr.
G
Seeking Alpha released a report about ARCC's latest earnings with a very positive outlook. Can't post the link (thanks Y!).
J
Any thoughts as to the movement?