Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.03
ARCC's Cash to Debt is ranked lower than
69% of the 1397 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. ARCC: 0.03 )
ARCC' s 10-Year Cash to Debt Range
Min: 0.03   Max: No Debt
Current: 0.03

Equity to Asset 0.57
ARCC's Equity to Asset is ranked lower than
55% of the 1543 Companies
in the Global Asset Management industry.

( Industry Median: 0.82 vs. ARCC: 0.57 )
ARCC' s 10-Year Equity to Asset Range
Min: 0.52   Max: 0.96
Current: 0.57

0.52
0.96
Interest Coverage 2.59
ARCC's Interest Coverage is ranked lower than
69% of the 1292 Companies
in the Global Asset Management industry.

( Industry Median: 2003.83 vs. ARCC: 2.59 )
ARCC' s 10-Year Interest Coverage Range
Min: 2.37   Max: 9999.99
Current: 2.59

2.37
9999.99
F-Score: 2
Z-Score: 1.14
M-Score: -1.22
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 46.16
ARCC's Operating margin (%) is ranked higher than
61% of the 1592 Companies
in the Global Asset Management industry.

( Industry Median: 52.03 vs. ARCC: 46.16 )
ARCC' s 10-Year Operating margin (%) Range
Min: 45.69   Max: 61.97
Current: 46.16

45.69
61.97
Net-margin (%) 60.04
ARCC's Net-margin (%) is ranked higher than
67% of the 1594 Companies
in the Global Asset Management industry.

( Industry Median: 46.75 vs. ARCC: 60.04 )
ARCC' s 10-Year Net-margin (%) Range
Min: -57.99   Max: 143.12
Current: 60.04

-57.99
143.12
ROE (%) 11.72
ARCC's ROE (%) is ranked higher than
75% of the 1622 Companies
in the Global Asset Management industry.

( Industry Median: 7.95 vs. ARCC: 11.72 )
ARCC' s 10-Year ROE (%) Range
Min: -12.57   Max: 32.12
Current: 11.72

-12.57
32.12
ROA (%) 6.83
ARCC's ROA (%) is ranked higher than
71% of the 1642 Companies
in the Global Asset Management industry.

( Industry Median: 4.48 vs. ARCC: 6.83 )
ARCC' s 10-Year ROA (%) Range
Min: -7.11   Max: 20.12
Current: 6.83

-7.11
20.12
ROC (Joel Greenblatt) (%) 149603.29
ARCC's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 1071 Companies
in the Global Asset Management industry.

( Industry Median: 82.78 vs. ARCC: 149603.29 )
ARCC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 48   Max: 50455.28
Current: 149603.29

48
50455.28
Revenue Growth (3Y)(%) 6.40
ARCC's Revenue Growth (3Y)(%) is ranked higher than
75% of the 1009 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. ARCC: 6.40 )
ARCC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -4.6   Max: 91.1
Current: 6.4

-4.6
91.1
EBITDA Growth (3Y)(%) -16.80
ARCC's EBITDA Growth (3Y)(%) is ranked higher than
55% of the 869 Companies
in the Global Asset Management industry.

( Industry Median: 1.40 vs. ARCC: -16.80 )
ARCC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 95.9
Current: -16.8

0
95.9
EPS Growth (3Y)(%) -22.40
ARCC's EPS Growth (3Y)(%) is ranked higher than
52% of the 883 Companies
in the Global Asset Management industry.

( Industry Median: 3.20 vs. ARCC: -22.40 )
ARCC' s 10-Year EPS Growth (3Y)(%) Range
Min: -22.4   Max: 66.6
Current: -22.4

-22.4
66.6
» ARCC's 10-Y Financials

Financials


» Details

Guru Trades

Q4 2013

ARCC Guru Trades in Q4 2013

Paul Tudor Jones 37,143 sh (New)
David Dreman 3,915 sh (New)
Steven Cohen 10,639 sh (New)
Pioneer Investments 348,028 sh (+52.82%)
NWQ Managers 564,375 sh (+2.38%)
Caxton Associates Sold Out
George Soros Sold Out
Scott Black 424,367 sh (-0.23%)
Jeremy Grantham 26,900 sh (-1.47%)
» More
Q1 2014

ARCC Guru Trades in Q1 2014

Manning & Napier Advisors, Inc 17,970 sh (New)
Pioneer Investments 595,381 sh (+71.07%)
NWQ Managers 566,450 sh (+0.37%)
Scott Black 425,411 sh (+0.25%)
David Dreman 3,915 sh (unchged)
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Jeremy Grantham Sold Out
» More
Q2 2014

ARCC Guru Trades in Q2 2014

George Soros 26,600 sh (New)
Manning & Napier Advisors, Inc 50,990 sh (+183.75%)
Pioneer Investments 1,067,825 sh (+79.35%)
David Dreman Sold Out
NWQ Managers 479,500 sh (-15.35%)
Scott Black 331,630 sh (-22.04%)
» More
Q3 2014

ARCC Guru Trades in Q3 2014

Ray Dalio 28,000 sh (New)
Paul Tudor Jones 46,221 sh (New)
NWQ Managers 682,800 sh (+42.4%)
Scott Black 377,550 sh (+13.85%)
George Soros Sold Out
Pioneer Investments 1,058,898 sh (-0.84%)
Manning & Napier Advisors, Inc 41,290 sh (-19.02%)
» More
» Details

Insider Trades

Latest Guru Trades with ARCC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Scott Black 2014-09-30 Add 13.85%0.11%$16.12 - $17.8 $ 15.95-6%377550
NWQ Managers 2014-09-30 Add 42.4%0.04%$16.12 - $17.8 $ 15.95-6%682800
George Soros 2014-09-30 Sold Out $16.12 - $17.8 $ 15.95-6%0
Ray Dalio 2014-09-30 New Buy$16.12 - $17.8 $ 15.95-6%28000
Scott Black 2014-06-30 Reduce -22.04%0.18%$16.5 - $17.67 $ 15.95-7%331630
David Dreman 2014-06-30 Sold Out 0.01%$16.5 - $17.67 $ 15.95-7%0
George Soros 2014-06-30 New Buy$16.5 - $17.67 $ 15.95-7%26600
George Soros 2013-12-31 Sold Out 0.02%$17.06 - $18.38 $ 15.95-10%0
David Dreman 2013-12-31 New Buy0.01%$17.06 - $18.38 $ 15.95-10%3915
NWQ Managers 2013-09-30 Add 59.88%0.03%$17.03 - $18.12 $ 15.95-9%551275
George Soros 2013-09-30 New Buy0.02%$17.03 - $18.12 $ 15.95-9%113900
Scott Black 2013-06-30 Add 24.28%0.17%$16.415 - $18.27 $ 15.95-8%423635
NWQ Managers 2013-06-30 New Buy0.05%$16.415 - $18.27 $ 15.95-8%344800
Scott Black 2012-06-30 Add 29.75%0.19%$14.84 - $16.5 $ 15.952%342957
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 8.30
ARCC's P/E(ttm) is ranked higher than
83% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 21.70 vs. ARCC: 8.30 )
ARCC' s 10-Year P/E(ttm) Range
Min: 3.49   Max: 58.33
Current: 8.3

3.49
58.33
P/B 0.95
ARCC's P/B is ranked higher than
72% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 1.07 vs. ARCC: 0.95 )
ARCC' s 10-Year P/B Range
Min: 0.3   Max: 1.38
Current: 0.95

0.3
1.38
P/S 4.99
ARCC's P/S is ranked higher than
78% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 8.99 vs. ARCC: 4.99 )
ARCC' s 10-Year P/S Range
Min: 1.31   Max: 12.72
Current: 4.99

1.31
12.72
EV-to-EBIT 19.54
ARCC's EV-to-EBIT is ranked higher than
69% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 23.00 vs. ARCC: 19.54 )
ARCC' s 10-Year EV-to-EBIT Range
Min: 9   Max: 46.6
Current: 19.54

9
46.6
Shiller P/E 7.88
ARCC's Shiller P/E is ranked higher than
95% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. ARCC: 7.88 )
ARCC' s 10-Year Shiller P/E Range
Min: 7.49   Max: 11.19
Current: 7.88

7.49
11.19
Current Ratio 1.11
ARCC's Current Ratio is ranked lower than
55% of the 1086 Companies
in the Global Asset Management industry.

( Industry Median: 2.74 vs. ARCC: 1.11 )
ARCC' s 10-Year Current Ratio Range
Min: 0.36   Max: 4.13
Current: 1.11

0.36
4.13
Quick Ratio 1.11
ARCC's Quick Ratio is ranked lower than
53% of the 1086 Companies
in the Global Asset Management industry.

( Industry Median: 2.70 vs. ARCC: 1.11 )
ARCC' s 10-Year Quick Ratio Range
Min: 0.36   Max: 4.13
Current: 1.11

0.36
4.13

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 9.53
ARCC's Dividend Yield is ranked higher than
91% of the 1254 Companies
in the Global Asset Management industry.

( Industry Median: 3.56 vs. ARCC: 9.53 )
ARCC' s 10-Year Dividend Yield Range
Min: 5.47   Max: 49.85
Current: 9.53

5.47
49.85
Dividend Payout 0.79
ARCC's Dividend Payout is ranked higher than
69% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 3.27 vs. ARCC: 0.79 )
ARCC' s 10-Year Dividend Payout Range
Min: 0.2   Max: 10.5
Current: 0.79

0.2
10.5
Dividend growth (3y) 2.80
ARCC's Dividend growth (3y) is ranked higher than
67% of the 573 Companies
in the Global Asset Management industry.

( Industry Median: 8.80 vs. ARCC: 2.80 )
ARCC' s 10-Year Dividend growth (3y) Range
Min: -5.7   Max: 76.9
Current: 2.8

-5.7
76.9
Yield on cost (5-Year) 10.29
ARCC's Yield on cost (5-Year) is ranked higher than
89% of the 1268 Companies
in the Global Asset Management industry.

( Industry Median: 4.15 vs. ARCC: 10.29 )
ARCC' s 10-Year Yield on cost (5-Year) Range
Min: 5.86   Max: 53.44
Current: 10.29

5.86
53.44
Share Buyback Rate -14.70
ARCC's Share Buyback Rate is ranked lower than
54% of the 1039 Companies
in the Global Asset Management industry.

( Industry Median: -0.70 vs. ARCC: -14.70 )
ARCC' s 10-Year Share Buyback Rate Range
Min: -14.7   Max: -82.9
Current: -14.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.96
ARCC's Price/Tangible Book is ranked higher than
75% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 1.27 vs. ARCC: 0.96 )
ARCC' s 10-Year Price/Tangible Book Range
Min: 0.43   Max: 1.26
Current: 0.96

0.43
1.26
Price/Median PS Value 0.94
ARCC's Price/Median PS Value is ranked higher than
85% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 1.49 vs. ARCC: 0.94 )
ARCC' s 10-Year Price/Median PS Value Range
Min: 0.35   Max: 2.21
Current: 0.94

0.35
2.21
Price/Graham Number 0.61
ARCC's Price/Graham Number is ranked higher than
84% of the 1818 Companies
in the Global Asset Management industry.

( Industry Median: 2.25 vs. ARCC: 0.61 )
ARCC' s 10-Year Price/Graham Number Range
Min: 0.42   Max: 1.53
Current: 0.61

0.42
1.53
Earnings Yield (Greenblatt) 5.10
ARCC's Earnings Yield (Greenblatt) is ranked higher than
66% of the 1577 Companies
in the Global Asset Management industry.

( Industry Median: 5.30 vs. ARCC: 5.10 )
ARCC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.1   Max: 11.2
Current: 5.1

2.1
11.2
Forward Rate of Return (Yacktman) -4.36
ARCC's Forward Rate of Return (Yacktman) is ranked higher than
58% of the 634 Companies
in the Global Asset Management industry.

( Industry Median: 7.25 vs. ARCC: -4.36 )
ARCC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -4.4   Max: 7.2
Current: -4.36

-4.4
7.2

Business Description

Industry: Asset Management » Asset Management
Compare:AMP, AMG, BEN, BLK, BK » details
Traded in other countries:9A2.Germany,
Ares Capital Corporation was founded on April 16, 2004 and completed its initial public offering on October 8, 2004. It is a specialty finance company that is a closed-end, non-diversified management investment company. It is externally managed by its investment adviser, Ares Capital Management LLC, a wholly owned subsidiary of Ares Management LLC. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in U.S. middle-market companies, where the supply of primary capital is limited and the investment opportunities are attractive. It invests primarily in first lien senior secured loans, second lien senior secured loans and mezzanine debt, which in some cases includes an equity component. Its competitors include public and private funds, commercial and investment banks, commercial finance companies, other BDCs and private equity funds. The Company and its portfolio companies are subject to regulation by laws and regulations at the local, state, federal and, in some cases, foreign levels.
» More Articles for ARCC

Headlines

Articles On GuruFocus.com
watch listv Dec 06 2014 
watch listv Dec 06 2014 
Prospect Capital Looking – Solid Into Earnings Release Sep 10 2014 
Prospect Capital Continues To Build On Its Strengths Sep 10 2014 
Prospect Capital - Looking Solid Into Earnings Release Jul 22 2014 
Sector Watch: US Asset Management Stocks, High-Yield ARCC and BKCC Oct 28 2013 
4 Biggest High-Yield Shares Close to Heaven - Breaking 52-Week Highs and 11 Additional to Observe Sep 18 2013 
comment on ARCC Jan 26 2013 
My 3 Favorites from the 20 Most Recommended Financial Dividend Shares Jan 15 2013 
The Best Stocks With Dividend Growth From Last Week (August 06 – August 12, 2012) Aug 12 2012 

More From Other Websites
Ares Capital upgraded by Barclays Dec 18 2014
Ares Management & GE Capital Provide £187M Debt Package to Fund Montagu’s Acquisition of Open GI Dec 05 2014
Insider Trading Alert - HI, ARCC And CTL Traded By Insiders Nov 28 2014
Ares Capital Corporation Prices Public Offering of $400.0 Million 3.875% Notes Due 2020 Nov 18 2014
Trouble Ahead For High-Yielding BDC Sector -- Fitch Nov 10 2014
Hercules Technology's Q3 Earnings Beat on Lower Expenses Nov 07 2014
Insider Trading Alert - IDTI, ARCC And DV Traded By Insiders Nov 07 2014
Ares Capital Gains 1.4% on Q3 Earnings and Revenue Beat Nov 06 2014
Ares Capital Corporation Highlights Third Quarter Financing Commitments Nov 06 2014
Ares Capital Corporation Highlights Third Quarter Financing Commitments Nov 06 2014
Ares Capital Corporation Declares Fourth Quarter 2014 Dividend of $0.38 Per Share and Announces... Nov 04 2014
Ares Capital Corporation Declares Fourth Quarter 2014 Dividend of $0.38 Per Share and Announces... Nov 04 2014
Q3 2014 Ares Capital Corp Earnings Release - Before Market Open Nov 04 2014
Ares Management & GE Capital Announce €1 Billion in Total Commitments Through ESSLP Joint Venture Oct 28 2014
Ares Management & GE Capital Announce €1 Billion in Total Commitments Through ESSLP Joint Venture Oct 20 2014
Ares Capital Corporation Schedules Earnings Release for the Quarter Ended September 30, 2014 Oct 09 2014
Hotel Operator Gears Up for Expansion Oct 08 2014
Ares Capital Corporation (Nasdaq: ARCC) to Ring The Nasdaq Stock Market Opening Bell Oct 07 2014
Ares Capital Corporation to Present at the 2014 JMP Securities Financial Services & Real Estate... Sep 24 2014
How To Find High Yield With Less Risk Sep 19 2014

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK