- Ares Capital (NASDAQ:ARCC) becomes the latest BDC to respond to the plunge in its stock price to well below book value. At today's close of $14.32 - off 4.3% on the session and nearly 18% since early March - $100M would be enough to buy back almost 7M shares, or just 2.2% of the float.
- June 30 net asset value per share was $16.80, putting the current price at 0.85x book.
- Source: Press Release
- Previously: Horizon Technology buying the dip in its stock (Sept. 28)
Ares Capital greenlighted for $100M in buybacks
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Symbol | Last Price | % Chg |
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ARCC | - | - |
Ares Capital |