Ares Capital Updates At-the-Market Equity Offering Program

Ares Capital ( (ARCC) ) just unveiled an announcement.

On April 28, 2026, Ares Capital Corporation, together with its investment adviser and administrator, entered into new equity distribution agreements with a syndicate of sales agents that will allow the company to issue and sell up to $1.5 billion of common stock from time to time. The shares may be sold in negotiated or at-the-market transactions on NASDAQ or other venues, with sales agents earning up to 1.5% commissions, giving Ares Capital flexible access to equity capital depending on market conditions and its capital needs.

The company is not obligated to sell any shares under these arrangements and can suspend the program at any time, underscoring that actual issuance will be driven by pricing and funding considerations. Also effective April 28, 2026, Ares Capital and several of the same banks terminated their prior equity distribution agreements dated February 5, 2025, consolidating and updating its at-the-market equity issuance framework under the new set of agreements.

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 Outperform.

ARCC’s score is driven primarily by solid underlying financial performance (strong profitability and cash generation, despite leverage and cyclicality) and attractive valuation (low P/E and ~10% dividend yield). Earnings-call takeaways are constructive on liquidity and dividend stability but tempered by NAV/GAAP volatility and near-term origination headwinds. Technicals are neutral-to-soft, with the stock still below longer-term moving averages.

To see Spark’s full report on ARCC stock, click here.

More about Ares Capital

Ares Capital Corporation is a specialty finance company that operates as a business development company, providing financing solutions to middle-market and other companies. It focuses on originating and investing in a diversified portfolio of debt and equity instruments, with its common stock listed on The NASDAQ Global Select Market.

Average Trading Volume: 8,061,039

Technical Sentiment Signal: Hold

Current Market Cap: $13.41B

Find detailed analytics on ARCC stock on TipRanks’ Stock Analysis page.