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Ares Capital Corp

$ 19.16 +0.2 (+1.05%) 08:10 PM EST
P/E:
11.34
P/B:
1.03
Market Cap:
$ 9.91B
Enterprise V:
$ 21.59B
Volume:
1.91M
Avg Vol (2M):
2.62M
Also Trade In:
Volume:
1.91M
Market Cap $:
9.91B
PE Ratio:
11.34
Avg Vol (2-Month):
2.62M
Enterprise Value $:
21.59B
PB Ratio:
1.03

Business Description

Description
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.