Boston, MA 05/07/2014 (wallstreetpr) – Ares Capital Corporation (NASDAQ:ARCC) is one of the top notched financial corporation. It is known for fulfilling the financial needs of individuals, corporate houses, and new start ups. It provides funds to small investors, newly established businesses backed by venture capital firms, and power generation projects to some extent. Recently this company announced Q1 results.
According to these results, the company is able to generate an EPS of $0.38. The net investment income of the company in Q1 was estimated at $112.3 million, which was way more than last year’s $99.1 million. Other than this the company also reported net realized and unrealized income of $4.7 million.
Reasons of change in net income from time to time, suggested by the company are-
- New investment commitments,
- Realized losses, and gains
- unrealized depreciation and appreciation
The company’s reports confirm that the total value of assets with the company in Q1 was $8.2 billion. At the same time, the total value of stock holders’ equity was amounted to $4.9 billion. In Q1, the company made $852.1 million in new commitments which is slightly more than what the company did last year.
These announcements clear the picture in front of the investors about the future prospects of the company. Despite the negative performance of global financial market, the company has made an excellent comeback from last year’s downturn. As the market continues to grow faster, one can hope for even better performance in the coming months. As the management of the company has declared a dividend payable in the second quarter of the current year, the investors’ hopes have increased from the company. The dividend for Q2 which is payable on June 30th is $0.38, similar to what the company announced a quarter back. The consistent performance of this financial service giant has taken the target prices for Ares Capital Corporation (NASDAQ:ARCC) higher than previously forecasted prices. Coming few months will clear the picture in front of the investors.
