|Bid||17.55 x 1300|
|Ask||0.00 x 4000|
|Day's Range||17.80 - 17.97|
|52 Week Range||14.50 - 18.07|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||9.17|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||1.60 (8.89%)|
|1y Target Est||18.87|
The rising debt load at U.S. cemetery operator StoneMor Partners LP has helped bring it to death's door, but specialized lending funds are clamoring to refinance the company's borrowings, according to sources familiar with talks. In the wake of the financial crisis when interest rates sank to historic lows, StoneMor borrowed over $300 million to acquire cemeteries and funeral parlors. The strategy added the deathcare company to a generation of companies now saddled with debt that has limited growth prospects.
Ares Capital Corporation (ARCC) announced today that it will host an invitation-only Investor Day for investors and analysts on May 21, 2019. A live video webcast of the event will begin at 1:00 p.m. EDT and is expected to end at approximately 4:30 p.m. EDT. During the presentation, senior representatives of Ares Capital and its investment adviser will provide an overview of Ares Capital and review its investment strategy, key market trends, credit and investment performance, capital management and forward outlook.
Main Street (MAIN) seems to have the potential to continue enhancing shareholder value backed by strong cash-generation capabilities.
Ares Capital Corp NASDAQ/NGS:ARCCView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for ARCC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ARCC. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding ARCC is favorable, with net inflows of $346,910. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. ARCC credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Rise in revenues and improved investment portfolio support Hercules Capital's (HTGC) Q1 earnings. The company rewards shareholders with higher quarterly distribution.
Ares Capital (ARCC) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The New York-based company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring gains, were 47 cents per share. The results beat Wall Street expectations. The average estimate ...
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.
While the market driven by short-term sentiment influenced by uncertainty regarding the future of the interest rate environment in the US, declining oil prices and the trade war with China, many smart money investors kept their optimism regarding the current bull run in the fourth quarter, while still hedging many of their long positions. However, […]
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Ben Kirby of the $14.6 billion Thornburg Investment Income Builder Fund explains how to put dividends to work over time.
Fortistar LLC, in partnership with Ares Capital Corporation (ARCC), announced today that it has acquired two landfill renewable natural gas (RNG) facilities, Greentree Landfill Gas and Imperial Landfill Gas, from EDF Renewables North America. Located in Western Pennsylvania, the two facilities have the capacity to produce 1.5 million decatherms of RNG per year—enough to power 1,117 natural gas trucks and displace 12 million GGE of diesel fuel.
Ares Capital Corporation (“Ares Capital”) (ARCC) announced today that it has increased its Revolving Credit Facility (the “Facility”) from approximately $2.1 billion to approximately $3.4 billion and extended the final maturity date by one year, to March 30, 2024. The Facility was led by JP Morgan, Bank of America Merrill Lynch, SunTrust Robinson Humphrey, BMO Capital Markets, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation and includes a total of 34 bank participants, nine of which are new lenders to the Facility. “We are very pleased with the significant increase in commitments under this facility, which we believe demonstrates the confidence of our lenders in Ares Capital,” said Penni Roll, Chief Financial Officer of Ares Capital.
Ares Capital Corporation (“Ares Capital”) (ARCC) announced today that it will report earnings for the first quarter ended March 31, 2019 on Tuesday, April 30, 2019 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 first quarter ended March 31, 2019 financial results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at www.arescapitalcorp.com.
Ares Capital (ARCC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.