Discover what executives don't want to reveal in conference calls

Ares Capital's Q4 2024: Leadership Changes and Market Contradictions Highlight Uncertain Outlook

Earnings DecryptWednesday, Feb 5, 2025 5:58 pm ET

3min read

These are the key contradictions discussed in Ares Capital's latest 2024Q4 earnings call, specifically including: Market Activity Expectations, Leadership Changes and Market Conditions, and Syndicated and Liquid Market Conditions:

Leadership Transition:
- Ares Capital Corporation announced the appointment of Kort Schnabel as the new Chief Executive Officer, effective April 30.
- Current CEO Kipp DeVeer will step down but remain on the ARCC Board of Directors and the Ares U.S. Direct Lending Investment Committee. This change reflects a natural evolution in leadership.

Strong Financial Performance:
- ARCC reported record NAV per share of $19.89 at the end of 2024, with the eighth consecutive quarter of NAV growth.
- This performance contributed to a long-term trend of ARCC delivering among the strongest total returns compared to its BDC peers.

Credit Performance and Portfolio Health:
- ARCC's fourth quarter results demonstrated continued healthy credit performance and a well-positioned balance sheet.
- This performance is attributed to the underlying portfolio companies and the company's strategic capital positioning.

Market Outlook and Opportunities:
- ARCC is positioned with significant available capital, which is expected to benefit the company as it looks for increased activity in 2025.
- The company's strategic capital positioning is aimed at capitalizing on anticipated market opportunities.

Dividend and Shareholder Returns:
- Over the past decade, ARCC has paid over 40 quarters of steady or increasing dividends, leading to a nearly 14% per annum stock-based total return for investors.
- This performance has outperformed various market indices and yield-oriented investments, demonstrating strong shareholder returns.

Comments

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05/12

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05/16

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05/16

@Comfortable_Corner80 How long did you hold your SPCE shares, and do you think the trend is still intact?

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05/16

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05/16

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lies_are_comforting

05/13

Eton's balance sheet is clean. Cash reserves, minimal debt, and expanding gross margins give confidence in their growth trajectory.

NRG1788

05/13

Holding $ETON long-term. Rare disease market niche goldmine

BennyBiscuits_

05/13

ET400 approval = $50M+ windfall. Why sleeping on ETON?

DoNotPassLine

05/14

@BennyBiscuits_ What's your target price for ETON?

Ogulcan0815

05/13

With $100M+ peak sales potential, $ETON is a hidden gem. Priced for stagnation, not growth. Keep an eye on that PDUFA date. 🚀

KookyPossibleTheme

05/13

I'm holding $ETON long-term. Rare disease expertise, strong pipeline, and upcoming catalysts make it a solid growth story. Not just a swing trade.

Assistantothe

05/13

ETON's pipeline is 🔥, but market asleep

theamykupps

05/13

Eton's pipeline is like a treasure chest for ultra-rare diseases. Who else is cashing in on this niche goldmine?

cyarui

05/13

117% YoY revenue growth and still undervalued? Something's wrong with this picture. $ETON could easily double with FDA green lights.

Tiger_bomb_241

05/13

Eton's Q1 revenue jump was huge. Analysts see $33, but market cap is stuck. Something's off. Might be a value play.

zaneguers

05/13

ET400 approval could shake up the pediatric game. Wall Street, you better watch out! 🚀

uncensored_84

05/13

Galzin relaunch could pop affordability cap. Watch closely

Super-Implement4739

05/13

Eton's pipeline is 🔥, but market's sleeping on it. $ETON could be a moonshot if ET400 clears FDA. Rare diseases = niche profits.

maxckmfk

05/13

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05/14

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05/13

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05/14

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05/13

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05/16

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05/18

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05/18

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05/02

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05/02

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05/02

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05/02

@surveillance_raven What's your take on their China strategy?

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05/02

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04/30

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04/30

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04/30

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04/30

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04/30

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04/30

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04/30

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04/30

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03/20

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03/20

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03/20

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03/20

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03/20

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03/20

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03/20

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03/20

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03/20

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03/20

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03/20

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03/20

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cuzimrave

03/20

Cardano's green game might attract devs.

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03/20

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03/20

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04/30

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enosia1

04/30

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05/01

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05/13

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View all 4 replies

GIFelf420

05/13

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josemartinlopez

05/13

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Frozen_turtle__

05/02

Wonder if $MSU will pump after launch. Gotta keep an eye on those crypto sanctions though.

iyankov96

05/02

Crypto gaming could use more mainstream adoption, but those geo restrictions are a bummer.

qw1ns

05/02

50 countries out? That's a huge market share

Sorry-Palpitation-70

05/02

Hope MSU relaxes geo restrictions, else they might miss out on a ton of potential players and revenue.

bobbybobby911

05/02

Sidescrolling MMORPG? MapleStory N's got potential.

neurologique

05/02

Holding $ETH for long. Blockchain gaming is future.

AmputeeBoy6983

05/02

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Salt_Yak_3866

05/02

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Such-Ice1325

05/02

MSU's missing out on big bucks, IMO.

fluffnstuff1

05/02

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_Ukey_

05/02

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05/02

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sniperadjust

04/24

Digital transformation is the future. HAL's smart move or just keeping up? Energy sector's wild ride continues.

girldadx4

04/24

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Dvorak_Pharmacology

04/24

Energy sector's evolving fast. HALliburton's adapting quick, but surprises await. Keep your eyes on the market signals.

Legend27893

04/24

$300M trading day dip then rise, quite the rollercoaster. Anyone else riding the HAL wave or just me?

that_is_curious

04/24

35% drop then a 2.91% rise? Market's moody. Holding steady, though. Gotta ride out these waves.

HairyBallsOfTheGods

04/24

Digital initiatives create jobs and foster innovation. Win-win for employees and the company's future outlook.

infinitycurvature

04/24

Investing in AI and IoT feels like HAL is playing 4D chess. Who else is betting on tech in energy?

xX_codgod420_Xx

04/24

@infinitycurvature Schlumberger's also going heavy on AI. They're not just sitting back.

SeabeeSW3

04/24

Investing $300M is no joke. Wonder if this will boost their stock enough. Time will tell if it pays off.

BlackBlood4567

04/24

IoT and machine learning in energy? Game-changing efficiency. HALliburton's making moves to lead the pack. 💪

CurlyDarkrai

04/24

$HAL investing big in tech, but the energy sector is volatile. Diversifying with renewables could balance risks, IMO.

Ok-Swimmer-2634

04/24

HALliburton's digital push is a game-changer. AI and IoT will make them a powerhouse. Long $HAL for the future wins.

habu-sr71

04/24

@Ok-Swimmer-2634 How long you planning to hold $HAL? You thinking years or just riding the trend?

falcongrinder

04/24

@Ok-Swimmer-2634 I had $HAL once, sold too early. FOMO hitting hard now with their digital push.

makeammends

04/24

Jeff Miller's got a vision. Adapt or dissolve—smart move leveraging tech for growth in a changing energy landscape.

Anonym0us_amongus

04/24

Digital transformation is key, but execution is everything. Watching how they integrate these techs closely. 🤔

MrJSSmyth

04/24

@Anonym0us_amongus Execution risk is real.

kakadopas

04/24

Holy!HAL demonstrated textbook-perfect bottom and peak confirmation signals via Peak Seeker framework,with subsequent price movements validating 83.6% predictive accuracy

The_Sparky01

05/09

Woodside's debt party: champagne toasts, hangover risks 🍾😂

WhoreMasterFalco

05/09

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Elichotine

05/09

LNG prices dancing like it's 2022 again

roycheung0319

05/09

S&P downgrade risk looms like a dark cloud

BranchDiligent8874

05/09

$WDS: betting on recovery with caution, not blind faith

Zhukov-74

05/09

Anyone else think S&P is just trolling with that negative outlook? 😏

JoinMySpaceship

05/09

Proceeds transparency = investor trust; Woodside's call

themousethatroar_ed

05/09

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Arturs727

05/09

I'm holding a bit of $WDS, but hedging bets. Diversify with renewables, folks. LNG ain't all sunshine.

smarglebloppitydo

05/09

@Arturs727 How long you been holding $WDS? Got any specific renewables in mind?

Orion_MacGregor

05/09

Woodside's debt party might pop soon. High risk, high reward. Are ya'll ready for a bumpy ride?

Dvorak_Pharmacology

05/09

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05/09

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dypeverdier

05/01

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11thestate

05/01

@dypeverdier What do you think about their international expansion?

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05/01

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05/01

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05/01

@Rm.r How long were you holding before selling, and what specific stocks were you in?

akashkurien

05/01

@Rm.r Yessir

Outrageous_Kale_3290

05/01

Osaka resort project is a game-changer.

-Joseeey-

05/01

@Outrageous_Kale_3290 Yessir

BURBEYP

05/01

BetMGM crushing it in US sports betting

Sgsfsf

05/01

$MGM's EBITDA goals are ambitious but achievable.

DisabledScientist

05/01

@Sgsfsf Achievable, but will they hit it?

car12703

05/01

BetMGM's progress is 🔥. MGM's focus on EBITDA and share buybacks signals confidence. Holding $MGM long-term makes sense with their expansion plans.

printial

05/01

@car12703 I had a small $MGM position last year, sold it too soon. FOMO hitting hard now with their expansion news.

MrDanksALot420

05/01

@car12703 How long you planning to hold $MGM? Got any target price in mind?

longtelo

05/01

Holy!Those $MGM whale-sized options block were screaming danger! � Closed positions just in time profiting more than $162

IntangibleValue

13 min ago

Damn!!The NVDA stock triggered a trading signal, resulting in substantial gains for me.

l_Pulser_l

19 min ago

Wow!The BTC stock was in a clear trend, and I made $132 from it!

GoStockYourself

18 min ago

Damn!!The BABA stock was in an easy trading mode with Premium tools, and I made $353 from it!

Similar_Diver9558

5 hour ago

OMG!Those $PLRZ whale-sized options block were screaming danger! � Closed positions just in time profiting more than $419

LonnieJaw748

2 hour ago

@Similar_Diver9558 How long were you holding $PLRZ before closing? Curious about your strategy.

Gloria Albert

04/05

𝐈 𝐡𝐚𝐯𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞 𝐢𝐧 𝐡𝐞𝐫 𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜, 𝐚𝐧𝐝 𝐩𝐫𝐮𝐝𝐞𝐧𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐚𝐝𝐯𝐢𝐜𝐞. 𝐆𝐞𝐭 𝐭𝐡𝐞 𝐞𝐝𝐠𝐞 𝐢𝐧 𝐜𝐫𝐲𝐩𝐭𝐨 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐜𝐡𝐚𝐭 👥𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐩𝐚𝐠𝐞, 𝐂𝐚𝐭𝐡𝐞𝐫𝐢𝐧𝐞 𝐄. 𝐑𝐮𝐬𝐬𝐞𝐥𝐥 𝐓𝐫𝐚𝐝𝐢𝐧𝐠~𝐯𝐢𝐞𝐰 𝐒𝐡𝐞 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐭𝐥𝐲 𝐝𝐞𝐦𝐨𝐧𝐬𝐭𝐫𝐚𝐭𝐞 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐢𝐬𝐦, 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲, 𝐚𝐧𝐝 𝐠𝐞𝐧𝐮𝐢𝐧𝐞 𝐜𝐚𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 𝐬𝐡𝐞 𝐰𝐨𝐫𝐤 𝐰𝐢𝐭𝐡. 𝐈 𝐰𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐡𝐞𝐬𝐢𝐭𝐚𝐭𝐞 𝐭𝐨 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝 𝐂𝐚𝐭𝐡𝐞𝐫𝐢𝐧𝐞 𝐄. 𝐑𝐮𝐬𝐬𝐞𝐥𝐥 𝐭𝐨 𝐚𝐧𝐲𝐨𝐧𝐞 𝐬𝐞𝐞𝐤𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐫𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐩𝐞𝐚𝐜𝐞 𝐨𝐟 𝐦𝐢𝐧𝐝 𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬. 🆙

Zestyclose_Gap_100

04/05

@Gloria Albert Good.

car12703

04/05

RXS: The digital alchemy turning assets into opportunities—carefully brewed, not hastily mixed

No-Wallaby5696

04/05

Damn!!I successfully capitalized on the TSLA stock's bearish trend, generating $351!

CantaloupeWarm1524

04/05

@No-Wallaby5696 Nice score! What's your strategy for TSLA now?

iyankov96

05/01

$HUM stock down? Maybe a buy opp?

PhilosophyMassive578

05/01

$HUM's debt offering and dividend payout signal confidence. I’m holding long-term, betting on their strategic play in Medicaid and Medicare.

MacaroniWithDaCheese

05/01

Dividend steady; commitment to shareholders appreciated

AbuSaho

05/01

@MacaroniWithDaCheese 😂

Snorkx

05/01

Debt offering = smart move? With $1.25B, HUMana's got flexibility.

Serious_Procedure_19

05/01

Medicare growth bullish; Medicaid potential underrated

Oleksandr_G

05/01

HUMana's EPS pump, but GAAP EPS drag? 🤔

AdvantageNo3180

05/01

Debt offering smart; strong balance sheet vital.

TacoTacox

05/01

@AdvantageNo3180 Smart move, debt can strangle if not managed.

TailungFu

05/01

Solid EPS growth, but GAAP EPS guidance revision catches my eye. 🧐 Is it a red flag or just a minor blip?

AppropriateMenu3824

05/01

Wow!The HUM stock triggered a trading signal, resulting in substantial gains for me.

WholesomeLowlife

05/01

@AppropriateMenu3824 What’s your avg buy-in price for HUM, and how long you held before selling?

michael_curdt

04/25

5.5M players already on Wheel of Whales? That's wild. They're building a loyal army for sure.

Alert-Reveal5217

04/25

Whale.io's wristband game strong at TOKEN2049.

charon-the-boatman

04/25

$WHALE token is gonna moon! 🚀 Whale.io's play-to-earn model is genius.

Elichotine

04/25

$WHALE token utility is the future, IMO.

ultrapcb

04/25

Whale.io's TGE hype is real. Dubai event will be lit. Let's see if they can deliver on utility promises.

Historical_Hearing76

04/25

@ultrapcb Think they'll hit new ATHs?

the_doonz

04/25

TGE hype is real, but watch the charts.

notbutterface

04/25

Staking with multipliers? Count me in.

zack1567

04/25

Multichain support is a must in this market. Whale.io covering all bases with $WHALE

Blackhole1123

04/25

$WHALE token's play-to-earn model is genius. No VC rounds, just community power. 🚀

bigwood5675

04/25

Damn!!Those $AAPL whale-sized options block were screaming danger! � Closed positions just in time profiting more than $479

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.