Ares Capital Corporation (ARCC) stock declined over -0.72%, trading at $22.71 on NASDAQ, down from the previous close of $22.87. The stock opened at $22.87, fluctuating between $22.66 and $22.89 in the recent session.
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
Employees | 1200 |
Beta | 1.05 |
Sales or Revenue | $2.44B |
5Y Sales Change% | 1.287% |
Fiscal Year Ends | December |
Sector | Financial Services |
Industry | Asset Management |
Ares Capital Corporation (NASDAQ: ARCC) stock price is $22.71 in the last trading session. During the trading session, ARCC stock reached the peak price of $22.89 while $22.66 was the lowest point it dropped to. The percentage change in ARCC stock occurred in the recent session was -0.72% while the dollar amount for the price change in ARCC stock was -$0.17.
The NASDAQ listed ARCC is part of Asset Management industry that operates in the broader Financial Services sector. Ares Capital Corporation designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Ms. Lisa A. Morgan
Chief Compliance Officer
Mr. Mitchell S. Goldstein CPA, CPA
Co-Pres
Mr. Kort Schnabel
Co-Pres, Partner & Co-Head of U.S. Direct Lending
Ms. Penelope F. Roll
Chief Financial Officer
Mr. Scott C. Lem
Chief Accounting Officer, Vice President & Treasurer
Mr. John W. Stilmar
MD of Public Investor Relations & Communications
Mr. Joshua M. Bloomstein J.D.
Vice President, Gen. Counsel & Sec.
ARCC's closing price is 17.52% higher than its 52-week low of $19.32 where as its distance from 52-week high of $23.84 is -4.76%.
Number of ARCC employees currently stands at 1,200.
Official Website of ARCC is: https://www.arescapitalcorp.com
ARCC could be contacted at phone 310 201 4100 and can also be accessed through its website. ARCC operates from 2000 Avenue of the Stars, Los Angeles, CA 90067, United States.
ARCC stock volume for the day was 4.46M shares. The average number of ARCC shares traded daily for last 3 months was 4.7M.
The market value of ARCC currently stands at $15.25B with its latest stock price at $22.71 and 671.48M of its shares outstanding.
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