Ares Capital Stock Q4: A 10%-Yielding Piggy Bank

Rida Morwa profile picture
Piggy Bank,3d Render

Sezeryadigar

Ares Capital (NASDAQ:ARCC)’s shares gained more than 1% after the BDC reported better than expected results for the December quarter. Ares Capital’s portfolio is performing well, net investment income is growing by the double-digits, and the BDC has seen an expansion

Q4’22

Q1’23

Q2’23

Q3’23

Q4’23

Gross Commitments

$2,519

$766

$1,218

$1,598

$2,384

Exits of Commitments

($2,333)

($1,884)

($1,138)

($1,280)

($1,427)

Net Commitments

$186

($1,118)

$80

$318

$957

Portfolio, Non-Accrual Trend

Q4’22

Q1’23

Q2’23

Q3’23

Q4’23

Portfolio Value, fair value

$21,780

$21,148

$21,496

$21,929

$22,874

Non-Accrual Amount (cost, $M)

$372

$496

$444

$266

$295

In Percent

1.7%

2.3%

2.1%

1.2%

1.3%

Non-Accrual Amount (FV, $M)

$241

$277

$239

$136

$136

In Percent

1.1%

1.3%

1.1%

0.6%

0.6%

Source link