Ares CapitalARCC
About: Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.
Employees: 870
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
174% more first-time investments, than exits
New positions opened: 129 | Existing positions closed: 47
70% more repeat investments, than reductions
Existing positions increased: 337 | Existing positions reduced: 198
60% more funds holding in top 10
Funds holding in top 10: 10 [Q3] → 16 (+6) [Q4]
32% more capital invested
Capital invested by funds: $3.92B [Q3] → $5.15B (+$1.23B) [Q4]
9% more funds holding
Funds holding: 737 [Q3] → 803 (+66) [Q4]
2.25% more ownership
Funds ownership: 30.19% [Q3] → 32.44% (+2.25%) [Q4]
67% less call options, than puts
Call options by funds: $68.2M | Put options by funds: $204M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
RBC Capital Kenneth Lee 47% 1-year accuracy 27 / 57 met price target | 13%upside $24 | Outperform Maintained | 7 Feb 2025 |
Keefe, Bruyette & Woods Paul Johnson 50% 1-year accuracy 6 / 12 met price target | 8%upside $23 | Outperform Maintained | 7 Feb 2025 |
Wells Fargo Finian O'Shea 54% 1-year accuracy 22 / 41 met price target | 8%upside $23 | Overweight Maintained | 6 Feb 2025 |
JP Morgan Melissa Wedel 53% 1-year accuracy 8 / 15 met price target | 15%upside $25 | Overweight Maintained | 3 Feb 2025 |
Wells Fargo Timothy O'Shea 25% 1-year accuracy 1 / 4 met price target | 13%upside $24 | Overweight Maintained | 29 Jan 2025 |
Financial journalist opinion
Based on 37 articles about ARCC published over the past 30 days









