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Markets Oppenheimer analyst Chris Kotowski assigned a Buy rating to Ares Capital (ARCC – Research Report) yesterday and set a price target of $19.00. The company’s shares closed last Wednesday at $19.37, close to its 52-week high of $19.76. According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 18.3% and a 69.8% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Focus Financial Partners, and Solar Senior Capital. Ares Capital has an analyst consensus of Strong Buy, with a price target consensus of $19.60, which is a 0.6% upside from current levels. In a report issued on April 16, Jefferies also maintained a Buy rating on the stock with a $22.00 price target. ....
Number of unique issuers : 205 Net assets: $255.4 million Net Debt to Equity: 0.34x Available Capital : Over $290 million, subject to borrowing base availability Comprehensive Portfolio Activity for the Quarter Ended December 31, 2020 Investments made during the quarter: $35.4 million Investments repaid or sold during the quarter: $98.6 million Comprehensive Portfolio Activity for the Year Ended December 31, 2020 Investments made during the year: $166.6 million Investments prepaid or sold during the year: $370.9 million Operating Results for the Quarter Ended December 31, 2020 Net investment income: $4.8 million Net investment income per share: $0.30 Net realized and unrealized gain: $2.0 million Net increase in net assets from operations: $6.9 million Earnings per share: $0.43 Net investment income: $20.4 million ....