tadamichi Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the second week of February. M ...

ARCC 和 MAIN 估值分析 - ARCC 和 MAIN 目前的估值较高，且对风险资产类别的暴露较大，经济环境的变化可能导致它们的 NII 和 NAV 下降[3] BDC 领域投资建议 - Ares Capital (ARCC) 和 Main Street Capital (MAIN) 是 BDC 领域中颇受认可的蓝筹股，但目前我们不建议持有它们[1] 风险回报比较 - 相比于 ARCC 和 MAIN，FS KKR Capital Corp (FSK)、Blue Owl Capital Corporation (OBDC) 和 Blackstone Secured Lending Fund (BXSL) 在当前环境下提供了更优越的风险回报[5]

Pixelimage Whether a recession is on the horizon or not, Ares Capital Corporation (NASDAQ:ARCC) is in a good position to deliver stable net investment income in 2024. The business development company once again out earned its dividend with net investment income in the fourth quarter and grew its net asset value QoQ by $0.25 per share. Federal Reserve Chair Jerome Powell recently asserted that the central bank will move cautiously in terms of rate cuts this year, suggesting that a higher-for-longer rate envi ...

Pick a category. You'll find some members of that category that especially stand above the rest of the pack. In the category of dividend stocks, I think Ares Capital (ARCC 0.30%) serves as a great example. The business development company (BDC) offers a dividend yield of more than 9.6%. This ultra-high-yield dividend stock looks like a no-brainer buy right now for income investors. Firing on (nearly) all cylinders Ares Capital reported its fourth-quarter and full-year results on Thursday. It's fair to say t ...

Shares of Ares Capital Corporation (ARCC) gained 1.3% following the release of its fourth-quarter and 2023 results. Quarterly core earnings of 63 cents per share surpassed the Zacks Consensus Estimate of 59 cents. The bottom line was in line with the prior-year quarter’s figure. Results were primarily aided by an improvement in the total investment income. Also, the company’s portfolio activity was robust in the quarter. However, an increase in expenses hurt the results to some extent. GAAP net income was $ ...

业绩总结 - 公司2023年第四季度投资收入为707亿美元，较上一季度增长8.1%[10] - 公司2023年第四季度净投资收入为345亿美元，较上一季度增长19.6%[11] - 公司2023年第四季度实现净收益为413亿美元，较上一季度下降17.4%[10] - 公司2023年第四季度每股GAAP净收益为0.72美元，较上一季度下降19.1%[10] - 公司2023年第四季度每股核心EPS为0.63美元，较上一季度增长6.8%[10] 投资组合 - 公司投资组合中，前15大投资占比达70.5%，其中最大投资为Ivy Hill Asset Management，占比8.7%[14] - 投资组合中，截至2023年12月31日，私募股权占比最高，占总投资组合的80%[16] - 投资组合中，截至2023年12月31日，房地产占比最高，占总投资组合的14%[17] - 投资组合中，截至2023年12月31日，战略倡议占比最高，占总投资组合的11%[16] - 投资组合中，截至2023年12月31日，第一抵押优先担保贷款占比最高，占总投资组合的16%[16] 财务状况 - 公司2023年12月31日的GAAP核心每股收益为0.63美元[30] - 公司2023年12月31日的稀释后GAAP每股净收入为0.70美元[32] - 公司2023年12月31日的贷款销售额为3.51亿美元[35] - 公司2023年12月31日的有效利率为7.00%，Ares Capital与总名义金额为9亿美元的利率互换协议[56]

Ares Capital (NASDAQ:ARCC) Q4 2023 Earnings Conference Call February 7, 2024 11:00 AM ET Company Participants John Stilmar – Partner, Co-Head of Public Markets Investor Relations Kipp DeVeer – Chief Executive Officer Penni Roll – Chief Financial Officer Kort Schnabel – Co-President, Los Angeles Conference Call Participants John Hecht – Jefferies Finian O'Shea – Wells Fargo Securities Melissa Wedel – JPMorgan Ryan Lynch – KBW Robert Dodd – Raymond James Mark Hughes – Truist Erik Zwick – Hovde Group Casey Ale ...

For the quarter ended December 2023, Ares Capital (ARCC) reported revenue of $707 million, up 10.5% over the same period last year. EPS came in at $0.63, compared to $0.63 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $684.52 million, representing a surprise of +3.28%. The company delivered an EPS surprise of +6.78%, with the consensus EPS estimate being $0.59. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Ares Capital (ARCC) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.78%. A quarter ago, it was expected that this private equity firm would post earnings of $0.58 per share when it actually produced earnings of $0.59, delivering a surprise of 1.72%. Over the last four quarters, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 814-00663 ____________________________________________________ ...