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An update from Ares Capital ( (ARCC) ) is now available.
On April 28, 2026, Ares Capital Corporation reported financial results for the first quarter ended March 31, 2026, showing GAAP net income of $92 million, or $0.13 per share, and net investment income of $398 million, or $0.55 per share. The firm’s net asset value per share declined to $19.59 from $19.94 at year-end 2025, reflecting significant unrealized losses that offset realized gains and steady portfolio fair value.
The board also declared a second-quarter 2026 dividend of $0.48 per share, matching the prior year’s quarterly payout and underscoring management’s commitment to maintaining shareholder distributions despite pressure on GAAP earnings. With a debt-to-equity ratio of 1.13x and portfolio investments at fair value of $29.5 billion, the results highlight stable investment activity but a more challenging valuation environment that may weigh on capital appreciation for investors.
The most recent analyst rating on (ARCC) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Ares Capital stock, see the ARCC Stock Forecast page.
Spark’s Take on ARCC Stock
According to Spark, TipRanks’ AI Analyst, ARCC is a Neutral.
The score is driven primarily by mixed fundamentals: strong profitability and supportive earnings-call commentary are tempered by the sharp 2025 negative operating/free cash flow and some 2025 data inconsistencies. Valuation is a clear positive (low P/E and high yield), while technicals remain weak with the stock trading below key moving averages.
To see Spark’s full report on ARCC stock, click here.
More about Ares Capital
Ares Capital Corporation is a publicly traded business development company listed on the NASDAQ under the ticker ARCC. It primarily provides financing solutions to middle-market companies, investing in a diversified portfolio of debt and related instruments, with a focus on generating income for its stockholders through interest and dividend distributions.
Average Trading Volume: 8,061,039
Technical Sentiment Signal: Hold
Current Market Cap: $13.41B
See more insights into ARCC stock on TipRanks’ Stock Analysis page.