Ares Capital is riding the rising rates
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In my last article on Ares Capital (NASDAQ:ARCC), I held a 'neutral/hold' stance primarily because the BDC sector dynamics were expected to be deteriorating. 3 months later, the stock has generated a total return of +8.74% vs the
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ARCC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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