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Fly News Breaks for November 12, 2019
ARCC
Nov 12, 2019 | 06:39 EDT
RBC Capital analyst Kenneth Lee resumed coverage of Ares Capital with an Outperform rating and $20 price target. The analyst contends that the company brings a "strong track record across the cycle" with potential to generate above-peer-average ROEs, further noting its scale as the "market-leading" business development firm with $14.5B in total assets. Lee adds that Ares Capital can be viewed as a "'total solutions provider", offering financing solutions for middle market companies for various transaction types.
News For ARCC From the Last 2 Days
ARCC
Apr 25, 2024 | 14:55 EDT
Bearish flow noted in Ares Capital with 2,637 puts trading, or 1.3x expected. Most active are Jun-24 20 puts and Aug-24 19 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 22.54, while ATM IV is up over 2 points on the day. Earnings are expected on May 1st.
