ARCC
ACCE-researchedOverview
ACCE thesis
Ares Capital lends to middle-market companies through direct loans, mezzanine debt, and equity co-investments, managing $25 billion across 500+ portfolio companies. The BDC structure requires 90% income distribution while benefiting from rising rates on its floating-rate loan book, which comprises 85% of the portfolio. Management expects $2.40-2.50 in net investment income per share for 2024, driven by disciplined underwriting in the $10-500 million deal size sweet spot where competition remains rational. Trading at 0.95x book value with a 9.8% dividend yield, ARCC offers compelling risk-adjusted income generation as credit spreads normalize from compressed levels. The company maintained its quarterly dividend at $0.48 through the recent cycle while peers cut payouts.
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
Price
Valuation
INVESTORSix independent models converge on one confidence-weighted fair value, with full methodology and editable assumptions.
- +All six models: DCF, P/E and EV/EBITDA comps, Graham, dividend discount, residual income
- +Scenario bands, sensitivity tornado, and the 5-year historical valuation range
- +Editable DCF workbench with saved scenarios
Quality
INVESTORThe full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.
- +Conviction score breakdown and earnings-quality grade
- +Growth / value / quality / momentum component scores
- +90-day score history and score-threshold backtests
Analysts
Wall Street consensus
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
- +Price-target low / average / high vs the current price, with implied upside
- +Forward revenue and EPS consensus by fiscal year
- +ACCE fair-value models lined up against the Street
Smart Money
PROFollow the institutions: 13F position changes, insider trades, and active 13D activist filings.
- +Quarter-over-quarter institutional position changes
- +Recent open-market insider transactions
- +Active 13D activist filings and top holders
Compare
Where it sits vs peers
Algorithmic peers (6)
| Ticker | Company | Mcap | P/E | ROE | D/E | Yield | Quality | |
|---|---|---|---|---|---|---|---|---|
| CG | The Carlyle Group Inc. Common Stock | $14.3B | 41.8 | 7.8% | 1.86 | 3.5% | - | Compare |
| IVZ | Invesco Ltd Common Stock | $13.5B | - | -0.6% | 0.89 | 2.8% | - | Compare |
| IGM.TO | IGM Financial Inc. | $14.7B | 18.1 | 13.4% | 0.81 | 2.7% | - | Compare |
| EQH | Equitable Holdings Inc. Common Stock | $14.7B | - | -25.1% | -88.68 | 2.1% | - | Compare |
| SEIC | SEI Investments Company Common Stock | $12.6B | 18.6 | 27.6% | 0.00 | 1.0% | - | Compare |
| OWL | Blue Owl Capital Inc. Class A Common Stock | $15.4B | 82.0 | 5.7% | 1.90 | 9.1% | - | Compare |
Sector report card
Where ARCC ranks against its sector peers on each metric.
News and Record
Press releases mentioning this company
- PR Newswire•Sep 8, 2026ARES CAPITAL CORPORATION PRICES PUBLIC OFFERING OF $750 MILLION 6.250% UNSECURED NOTES DUE 2033
- Business Wire•May 26, 2026Ares Capital Corporation and Ares Strategic Income Fund Announce Increases in Size, Enhanced Terms and Extended Maturities for Bank-Led Revolving Credit Facilities
Ask anything, Pro feature
Ask questions about this stock in plain language. Answered from company fundamentals + recent valuations.