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Posted by
Two Blokes May 11 -
Filed in
Stock
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8 views
Ares Capital missed EPS expectations for Q1, but results were nonetheless very robust; ARCC grew its portfolio, and maintained high balance sheet quality, with a low non-accrual percentage. I rated Ares Capital a hold previously, due to its high-yield and high valuation multiplier. Ares Capital's diversified portfolio and first lien strategy, combined with 326% Y/Y growth in net commitments, highlight its growth potential.
