|Bid||18.99 x 4000|
|Ask||19.07 x 1400|
|Day's Range||18.95 - 19.06|
|52 Week Range||16.84 - 19.33|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||10.24|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||1.60 (8.41%)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||19.70|
Ares Capital (ARCC) delivered earnings and revenue surprises of 0.00% and -0.36%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a first quarter dividend of $0.40 per share. The first quarter dividend is payable on March 31, 2020 to stockholders of record as of March 16, 2020.
Ares Capital's (ARCC) results for the fourth quarter of 2019 are expected to reflect favorable impacts of an anticipated rise in investment income.
Restaurant Brands (QSR) delivered earnings and revenue surprises of 2.74% and 1.26%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Ares Capital (ARCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ares Capital Corporation ("Ares Capital" or the "Company") (NASDAQ:ARCC) announced today the tax treatment of the Company’s 2019 common stock distributions (CUSIP : 04010L103).
The Zacks Analyst Blog Highlights: Ares Capital, Booz Allen Hamilton, Campbell Soup Company, DHT and The Buckle
Zacks.com featured highlights include: Williams-Sonoma, SS&C Technologies, Teradyne, First Horizon National and Ares Capital
When a stock goes up, that's good. We all like to "buy low" and "sell high." Problem is, that's not always the way things work out. Sometimes, you buy a stock low, and it fails to become high. In fact, sometimes it goes... lower!So how do profit when a stock stubbornly refuses to go up? How do you mitigate the damage of a stock that sinks instead of rising? How do you guarantee that you make a profit no matter what?One word: Dividends.Using TipRank's Stock Screener tool it's possible to identify and invest in stocks paying dividends rich enough to deliver something close to the stock market's promised "10% long-term average return" out of dividend income alone. And if, in an ideal situation, the stock both pays its dividend and goes up in stock price? Why then, you should be well ahead of the game. Here are three stocks offering such double-whammy profit potential.Saratoga Investment (SAR)Beginning at the top, Saratoga Investment is a corporation that makes investments (Surprise!). Specifically, it's a business development company that specializes in lending money and making equity investments to facilitate leveraged and management buyouts of smaller companies -- companies doing at least $2 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA).Last week, Saratoga Investment was brought to our attention by Maxim analyst Michael Diana, when he noted that two recent investment "exits" had provided enough liquidity to raise the company's net asset value by about 9% -- prompting a price target hike to $29 a share. Saratoga closed trading Friday at $26.74, so that's a target price about 8.5% above current market price. (To watch Diana's track record, click here)But as I've already implied, price target isn't the only attraction at Saratoga, which also pays a big dividend yield of 8.7%. That's more than 4x the going rate on the S&P 500, and as Diana points out, Saratoga grew its dividend payout for 20 consecutive quarters before taking a "pause" in fiscal Q3 2020. What's more, once Saratoga has had an opportunity to reinvest the cash raised from its recent exits, Diana anticipates we'll see further dividend hikes in this company's future -- perhaps as soon as fiscal 2021.This prospect appears to have attracted the attention of other analysts as well. In addition to Maxim, two other investment banks, B. Riley FBR and Compass Point, have issued buy ratings on the stock in the past week. With an average target price of $27.60, Wall Street seems in agreement that this stock is worth at least 3% more than it's selling for today, and with its dividend added in, should deliver a total expected return on the order of nearly 12% over the next year. (See Saratoga stock analysis at TipRanks)Ares Capital Corp (ARCC)A second company in the business development biz is Ares Capital Corporation, and like Saratoga, it's a generous dividend payer -- 8.6%. Un-like Saratoga, Ares Capital is a much larger fish, boasting a market capitalization of $7.9 billion, versus Saratoga's market cap of just $260 million.With much more capital to work with, Ares also fishes in deeper waters. A specialist in business acquisitions, recapitalizations, and restructurings, this company makes investments as large as $400 million at a time -- and in companies doing up to $250 million in EBITDA -- both through the extension of direct loans, and also by participating in syndicated loans (loans extended by a group of companies acting in concert, and spreading around both the risk and the profit).Earlier this month, Ares, too won an endorsement on Wall Street, when Wedbush analyst Henry Coffey bumped his its 12-month price target by 5% to $21 a share, implying 12.5% upside to the shares. (To watch Coffey's track record, click here)Whereas Maxim believes that Saratoga will resume raising its dividends next year, Coffey is optimistic that Ares will hike its dividend this year, and not by a little either, but from $0.40 to $0.47 per share -- a 17.5% increase.Incidentally, Coffey's price target is now the highest on Wall Street -- but others do share his sentiment. On average, analysts see about 10% upside to $20.50 for this stock, and the most recent rating prior to Coffey's was likewise a "buy" -- from RBC Capital analyst Kenneth Lee. (See Ares Capital stock analysis at TipRanks)Global Net Lease (GNL)Shifting gears a bit here at the end, our third and final 8%-plus payer of the day is not a business development company, but a real estate investment trust (REIT) instead.Focusing on the leasing of commercial office space (52% of assets), industrial and warehouse space (43%), and retail (5%0, Global Net Lease is a globe-spanning corporation with $1.8 billion in market cap, $300 million in revenue, and operations in seven different countries in Europe and North America. In line with the well-publicized struggles of brick-and-mortar retail in the U.S., Global Net Lease has been gradually reducing its exposure to this aspect of the market, in particular, divesting 32 Family Dollar locations in the final quarter of 2019.The company still does good business with the properties it's keeping, however, and indeed has 99.6% of the properties on its books leased and generating rental income.Speaking of which, Global Net Lease stands out on today's list as the only company that currently pays out more money in dividends than it makes in profit -- a point of some concern inasmuch as the company needs to earn profits if it's to maintain its generous 10.5% dividend yield. No to worry, though. In a note issued in November, B. Riley FBR analyst Bryan Maher assured investors that recent purchases of "12 net lease properties in the U.S." and planned purchases of 17 other properties in the U.S., Italy, and Canada, have Global Net lease "on pace to [earn enough money to] cover its dividend by mid-2021."Accordingly, Maher maintains a "buy" rating on the stock with a $24 price target that implies nearly 21% upside to the stock. (To watch Maher's track record, click here)Judging from the consensus breakdown, it has been relatively quiet when it comes to other analyst activity. Over the last three months, only 2 analysts have reviewed the real estate firm. Both of which, however, were bullish, making the consensus a Moderate Buy. On top of this, the $22.75 average price target puts the upside potential at ~15%. (See GNL stock analysis at TipRanks)
Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced today that it will report earnings for the fourth quarter and fiscal year ended December 31, 2019 on Wednesday, February 12, 2020 prior to the opening of the Nasdaq Global Select Market. Ares Capital invites all interested persons to attend its webcast/conference call at 12:00 p.m. (Eastern Time) on the same day to discuss its fourth quarter and fiscal year ended December 31, 2019 financial results.
Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $750.0 million in aggregate principal amount of 3.250% notes due 2025. The notes will mature on July 15, 2025 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.
The Zacks Analyst Blog Highlights: Agile Therapeutics, Ares Capital, Cable One, Evolution Petroleum and Royal Gold
Since we do expect at least short-term volatility, low-beta stocks are the best choice as they are less correlated to the index and thus tend to be less volatile.
Solid liquidity position and strength in the credit card business will likely aid Capital One (COF). Yet, higher expenses and deteriorating asset quality might hamper financials.
Hercules Capital (HTGC) remains well-positioned for growth based on its strong liquidity position, improving economy and robust loan originations.
Is Ares Capital Corporation (NASDAQ:ARCC) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to […]