Wait for the upcoming earnings report before buying this high-yield dividend stock.
ARCC Ares Capital Corporation
XNAS 18.40 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
ARCC
$18.40
—
Key stats
$18.40
Pre-market
$18.37
-0.16%
- 52-Week Range
- $17.40 – $21.14
- YTD
- -9.98%
- IV Rank (30D)
- 74.92
- Straddle Price
- $0.95
- P/C Vol Ratio
- 6.14
- Market Cap
- $13.3B
- Open
- $18.55
- Day Range
- $18.35 – $18.58
- Volume
- 2,944,261
- Prev Close
- $18.51
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.82 |
| Cost of Equity (CAPM) | 9.24% (VRP-adj) |
| WACC | 7.75% |
| Volatility Risk Premium | +37.5pp (IV − HV30) |
| Effective Tax Rate | 2.8% |
| Rev. Growth (YoY, DCF input) | +2.4% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.02 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.7B |
| Return on Equity (TTM) | 6.9% |
| Book / Price | 108.4% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 100.0% |
| FCF Margin (TTM) | -22.1% |
| Debt / Equity | 1.13 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $19.37 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $18.79 |
| Bollinger Width / SMA20 | 32.7% (drives anchor stability) |
| Net Debt | $15.3B |
| Market Cap | $13B |
Peers used for multiples: BXSL, CSWC, GBDC, HTGC, MAIN, OBDC, TSLX
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
20%
20-Day Fair Value
≈ by Nov 20, 2026
$18.55
α +0.8%
rank 77%
conviction
50%
40-Day Fair Value
≈ by Dec 21, 2026
$18.62
α +1.2%
rank 73%
conviction
38%
60-Day Fair Value
≈ by Jan 19, 2027
$18.50
α +0.5%
rank 77%
conviction
20%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $28.81 | 31% | |
| Peer P/E | $28.30 | 12% | median 16.9× · 7 peers |
| Peer EV/EBITDA | $94.52 | 12% | median 35.0× · 7 peers |
| Peer P/B | $20.74 | 12% | median 1.0× · 7 peers |
| Peer P/S | $23.06 | 12% | median 5.2× · 7 peers |
| Market Anchor (SMA50) | $19.37 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $18.46 | 22% | 11 strikes · skew -1.69 |
As of 2026-10-22 · updated
About
- Exchange
- XNAS
- Market Cap
- $13.3B
- Employees
- 4,250
- List Date
- 2004-10-05
- CIK
- 0001287750
- Next Earnings
- 2026-10-27 (Pre-Market)
- EPS Forecast
- $0.48 (5 est.)
- Headquarters
- New York, NY
- Homepage
- https://www.arescapitalcorp.com
Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position) and second lien senior secured loans. In addition to senior secured loans, the company also invests in subordinated loans and preferred equity, it also makes common equity investments.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 4.78% | 5.19% | 4.31% | 1.00% | 6.57% | -2.69% | 3.19% |
| Feb | 4.74% | -1.36% | -1.63% | 0.75% | -1.76% | -4.61% | -0.65% |
| Mar | 1.57% | -3.23% | -5.56% | 2.92% | -4.61% | -5.06% | -2.33% |
| Apr | 1.69% | -5.06% | 0.98% | 1.08% | -7.31% | 8.07% | -0.09% |
| May | 1.83% | -3.92% | 2.63% | 3.45% | 8.41% | -1.35% | 1.84% |
| Jun | 0.10% | -8.10% | -1.21% | -3.38% | -0.05% | -2.83% | -2.58% |
| Jul | 1.53% | 2.81% | 3.76% | 1.11% | 2.63% | 0.11% | 1.99% |
| Aug | -0.60% | -0.81% | -0.20% | 1.20% | 0.04% | 4.69% | 0.72% |
| Sep | 1.70% | -12.54% | -0.15% | -0.29% | -8.56% | -4.07% | -3.98% |
| Oct | 3.93% | 11.67% | -1.10% | 1.93% | 1.09% | -3.97%* | 2.26% |
| Nov | -5.81% | 0.36% | 3.28% | 5.48% | 1.03% | -- | 0.87% |
| Dec | 5.21% | -4.30% | 0.55% | -0.95% | -1.70% | -- | -0.24% |
| Total | 22.14% | -19.48% | 5.36% | 14.97% | -5.46% | -11.86% | 0.94% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $18.79
SMA 50: $19.37
SMA 200: $19.08
Current: $18.40
EMA 12: $18.65
EMA 26: $18.89
MACD: -0.2407 | Signal: -0.0081
BEARISH
ADX (14): 24.51
WEAK TREND
+DI: 13.43
−DI: 23.20
Momentum Oscillators
RSI (14): 37.71
NEUTRAL
Stoch %K: 14.21
Stoch %D: 23.25
Williams %R: -89.33
Volume & Volatility
BB Upper: $19.37
BB Lower: $18.22
NEUTRAL
OBV: -145,206,033
Vol SMA 20: 4,330,562
Vol ROC: -46.13%
ATR: $0.31
True Range: $0.23
HV 20: 15.7%
HV 30: 15.6%
HV 60: 16.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Technical indicators suggest a strong uptrend, with MACD signal line crossovers indicating bullish momentum.
- Recent news headlines highlight the company's dividend streak and earnings performance.
Primary risks:
- Overbought conditions on Bollinger Bands may lead to consolidation or correction.
- Options market shows bearish sentiment, which could impact short-term price action.
Investment thesis: Ares Capital (ARCC) has a strong technical foundation and positive fundamental news flow, making it an attractive long-term opportunity.
Recent news sentiment impact: The negative news headline on dividend cushion did not significantly impact the stock's price action, while positive headlines on earnings and dividend payments have contributed to the uptrend.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bullish
- Medium-term (1-3 months): Bullish
- Long-term (3-12 months): Bullish
Support/Resistance Levels:
- Upper Bollinger Band: $19.73
- Middle Band: $19.04
- Lower Band: $18.35
- SMA 20: $19.04
- EMA 12: $19.25
Momentum Signals: RSI interpretation: Neutral (67.05), indicating a potential consolidation phase. MACD signal: Bullish, with a high confidence level.
Bollinger Bands position: Overbought, suggesting caution in the short-term.
Volume Analysis:
- Volume SMA 20: 4402315.70
- On-Balance Volume (OBV): -86170992.11
- Volume Rate of Change: 67.59%
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines highlight Ares Capital's dividend streak and earnings performance, as well as the potential risks associated with private credit markets.
Sentiment Assessment: The aggregate sentiment is neutral, but leaning slightly positive due to the majority of positive news headlines.
Catalyst Identification:
- Upcoming earnings report (no specific date available)
Market Narrative: The technical signals are strong, while the news flow is generally positive. The options market shows bearish sentiment, which could impact short-term price action.
Risk & Volatility Assessment
Risk Metrics:
- Beta: 0.67 (vs SPY), indicating a low risk profile.
- Alpha: -0.23, suggesting underperformance relative to the broader market.
- Correlation: 0.43, indicating a moderate correlation with the S&P 500.
Volatility Regime: The current volatility level is low, with the stock moving less than the market.
Options Market Signals:
- IV Rank: 32.4% (Medium), indicating historically average volatility.
- Current IV: 53.3%, suggesting medium volatility.
- Expected Move: $1.05 (39 DTE), 7-DTE: $0.42, with a put/call volume ratio of 1.93 and OI ratio of 1.83.
Downside Protection: The stock has strong technical support around the middle Bollinger Band ($19.04) and SMA 20 ($19.04).
Market Context & Positioning
Sector Performance: Ares Capital's performance is relatively strong compared to its sector peers.
Institutional Activity: The volume flow suggests institutional interest, with a higher number of calls traded compared to puts.
Correlation Analysis: The stock has a moderate correlation (0.43) with the S&P 500, indicating a slightly more defensive posture.
Relative Valuation: Ares Capital is positioned within its trading range, with the stock hovering around the upper Bollinger Band ($19.73).
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band: $19.73
- Middle Band: $19.04
- Lower Band: $18.35
Breakout/Breakdown Levels: The SMA 20 and EMA 12 serve as key levels for the stock's short-term price action.
Time-Sensitive Catalysts:
- Upcoming earnings report (no specific date available)
Risk Management: A stop-loss level around the middle Bollinger Band ($19.04) could be considered, with position sizing adjusted based on market conditions and risk tolerance.
This comprehensive analysis provides a detailed assessment of Ares Capital's technical and fundamental performance, as well as its positioning within the broader market. The report highlights both bullish and bearish cases, providing investors with a balanced perspective for informed decision-making.
Generated
News
All ARCC news →
Ares Capital, Brookfield Asset Management, and Strategy's Strife shares still look attractive.
Interest rates are both a headwind and a tailwind for Ares Capital.
Earnings History
22 of 23 under expected move
Avg Expected Move
4.10%
Avg Actual Move
1.98%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-10 | Pre-Market | 3.05% | 2.66% | 0.87x | Within |
| 2021-04-28 | Pre-Market | 3.62% | 1.17% | 0.32x | Within |
| 2021-07-28 | Pre-Market | 3.23% | 1.29% | 0.40x | Within |
| 2021-10-26 | Pre-Market | 3.62% | 0.42% | 0.12x | Within |
| 2022-01-12 | Pre-Market | 2.75% | 1.15% | 0.42x | Within |
| 2022-04-26 | Pre-Market | 5.21% | 8.76% | 1.68x | Exceeded |
| 2022-07-26 | Pre-Market | 5.72% | 1.72% | 0.30x | Within |
| 2022-10-25 | Pre-Market | 7.10% | 4.79% | 0.67x | Within |
| 2023-01-12 | Pre-Market | 3.21% | 1.50% | 0.47x | Within |
| 2023-04-25 | Pre-Market | 5.04% | 1.84% | 0.37x | Within |
| 2023-07-25 | Pre-Market | 3.31% | 1.07% | 0.32x | Within |
| 2023-10-24 | Pre-Market | 4.36% | 0.96% | 0.22x | Within |
| 2024-02-07 | Pre-Market | 2.41% | 1.25% | 0.52x | Within |
| 2024-05-01 | Pre-Market | 3.74% | 1.16% | 0.31x | Within |
| 2024-07-30 | After-Close | 2.70% | 1.60% | 0.59x | Within |
| 2024-10-30 | After-Close | 3.28% | 0.94% | 0.29x | Within |
| 2025-02-05 | Pre-Market | 3.57% | 2.98% | 0.83x | Within |
| 2025-04-29 | Pre-Market | 5.04% | 2.73% | 0.54x | Within |
| 2025-07-29 | Pre-Market | 3.30% | 0.70% | 0.21x | Within |
| 2025-10-28 | Pre-Market | 5.54% | 1.23% | 0.22x | Within |
| 2026-02-04 | Pre-Market | 5.36% | 2.25% | 0.42x | Within |
| 2026-04-28 | Pre-Market | 4.70% | 1.67% | 0.36x | Within |
| 2026-07-29 | Pre-Market | 4.33% | 1.73% | 0.40x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
ARCC Options Activity & IV Rank
ARCC IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 33.9%
7-DTE IV: —
Expected Move: $0.95
7-DTE Move: $0.95
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 230
Put Volume: 1,413
P/C Volume: 6.143
BEARISH
Call OI: 8,087
Put OI: 2,854
P/C OI: 0.353
Total OI: 10,941
ATM Options Pricing
ATM Call: $0.68
ATM Put: $0.28
Call %: 3.7%
Put %: 1.5%
Chain Summary
Chain Volume: 8,805
Chain OI: 143,730
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 51st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
51%
vs own history
GEX tilt
-0.05
OI-weighted, today
Vanna tilt
+0.74
δ-sensitivity to IV
Charm tilt
-0.69
δ-decay vs time
Vanna tilt +0.74: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.69: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 28 ATM contracts, 62k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 21.9% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)74.9MediumOct 21
Straddle Price (30 DTE)$0.95Oct 21
Beta Analysis
Risk Metrics
Beta: 0.6556
Alpha: -15.92%
Correlation: 0.4362
R-Squared: 19.0%
Stock Volatility: 19.1%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own ARCC
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $49.9M | #241 of 4729 | +17.5% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $2.6M | #2424 of 3716 | -69.4% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
ARCC Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 705,250,000 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
14 filers$96.17M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $49.41M | 51.37% | 2026-06-30 |
| 2 | Walleye Trading LLC | $10.99M | 11.42% | 2026-06-30 |
| 3 | PEAK6 LLC | $9.57M | 9.95% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $6.53M | 6.79% | 2026-06-30 |
| 5 | HBK INVESTMENTS L P | $5.18M | 5.39% | 2026-06-30 |
| 6 | Jane Street Group, LLC Custodian | $5.00M | 5.20% | 2026-06-30 |
| 7 | Jefferies Financial Group Inc. | $3.71M | 3.85% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $3.10M | 3.23% | 2025-09-30 |
| 9 | D. E. Shaw & Co., Inc. Custodian | $1.91M | 1.98% | 2026-06-30 |
| 10 | Point72 Asset Management, L.P. | $276.10K | 0.29% | 2026-06-30 |
| 11 | UBS Group AG Custodian | $208.46K | 0.22% | 2026-06-30 |
| 12 | Twin Tree Management, LP | $172.33K | 0.18% | 2026-06-30 |
| 13 | Citigroup Inc. Custodian | $111.18K | 0.12% | 2026-06-30 |
| 14 | Advisory Services Network, LLC Custodian | $14.82K | 0.02% | 2026-06-30 |
14 filers$127.57M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Parallax Volatility Advisers, L.P. | $33.63M | 26.36% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $27.31M | 21.40% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $24.37M | 19.10% | 2026-06-30 |
| 4 | Millennium Management LLC Custodian | $23.11M | 18.11% | 2026-06-30 |
| 5 | HBK INVESTMENTS L P | $5.56M | 4.36% | 2026-06-30 |
| 6 | Caption Management, LLC | $4.90M | 3.84% | 2026-06-30 |
| 7 | Jane Street Group, LLC Custodian | $2.91M | 2.28% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $2.46M | 1.93% | 2025-09-30 |
| 9 | Jefferies Financial Group Inc. | $2.22M | 1.74% | 2026-06-30 |
| 10 | SYMMETRY PEAK MANAGEMENT LLC | $463.25K | 0.36% | 2026-06-30 |
| 11 | TUDOR INVESTMENT CORP ET AL | $235.33K | 0.18% | 2026-06-30 |
| 12 | Barclays PLC Custodian | $163.06K | 0.13% | 2026-06-30 |
| 13 | Walleye Trading LLC | $148.24K | 0.12% | 2026-06-30 |
| 14 | MARINER INVESTMENT GROUP LLC | $95.00K | 0.07% | 2026-06-30 |
ARCC Insider Trading (Form 4)
Latest: 2026-02-10Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-02-10 | Jana Markowicz | Chief Operating Officer | Buy (P) | +15,000 | $19.20 | $288.0K | EDGAR |
| 2026-02-09 | Michael Kort Schnabel | Chief Executive Officer | Buy (P) | +12,500 | $19.13 | $239.1K | EDGAR |
| 2026-02-09 | Scott C Lem | CFO and Treasurer | Buy (P) | +5,186 | $19.29 | $100.0K | EDGAR |
| 2026-02-09 | Mary Beth Henson | Director | Buy (P) | +4,000 | $19.14 | $76.6K | EDGAR |
| 2026-02-09 | Michael Kort Schnabel | Chief Executive Officer | Buy (P) | +12,500 | $19.13 | $239.1K | EDGAR |
| 2025-11-03 | Michael Kort Schnabel | Chief Executive Officer | Buy (P) | +13,000 | $20.39 | $265.1K | EDGAR |
| 2025-03-05 | James Robert Miller | Co-President | Buy (P) | +40,000 | $23.32 | $932.8K | EDGAR |
| 2025-02-20 | Michael J Arougheti | Executive Vice President | Gift (G) | −300,172 | — | EDGAR | |
| 2025-02-13 | Ann Torre Bates | Director | Buy (P) | +6,000 | $22.75 | $136.5K | EDGAR |
| 2023-05-04 | Michael Kort Schnabel | Co-President | Buy (P) | +15,000 | $17.84 | $267.6K | EDGAR |
| 2023-03-17 | Penelope F Roll | Chief Financial Officer | Buy (P) | +6,000 | $17.47 | $104.8K | EDGAR |
| 2022-09-16 | Penelope F Roll | Chief Financial Officer | Buy (P) | +2,500 | $19.04 | $47.6K | EDGAR |
| 2022-09-02 | Mary Beth Henson | Director | Buy (P) | +9,000 | $19.77 | $177.9K | EDGAR |
| 2022-08-04 | Penelope F Roll | Chief Financial Officer | Buy (P) | +25,000 | $19.77 | $494.2K | EDGAR |
| 2022-06-17 | Steven B. McKeever | Director | Buy (P) | +2,775 | $17.95 | $49.8K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
ARCC Insider Holdings
7 insiders · @ $18.40
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Michael J Arougheti | Executive Vice President | 2,016,785 | $37.11M | $6.61M | 9 | 2025-02-20 |
| 2 | Michael Kort Schnabel | Chief Executive Officer | 40,500 | $745.2K | $1.01M | 4 | 2026-02-09 |
| 3 | James Robert Miller | Co-President | 40,000 | $736.0K | $932.8K | 1 | 2025-03-05 |
| 4 | Scott C Lem | CFO and Treasurer | 39,463 | $726.1K | $100.0K | 1 | 2026-02-09 |
| 5 | Ann Torre Bates | Director | 38,000 | $699.2K | $464.7K | 3 | 2025-02-13 |
| 6 | Mary Beth Henson | Director | 31,913 | $587.2K | $472.9K | 4 | 2026-02-09 |
| 7 | Jana Markowicz | Chief Operating Officer | 25,176 | $463.2K | $288.0K | 1 | 2026-02-10 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ARCC Board & Officers
As of SEC filings through Feb 10, 2026Directors 6
- Eric B Siegel · on file since Nov 2006
- Ann Torre Bates · since Apr 29, 2010
- Steven B. McKeever · since Sep 7, 2012
- R. Kipp deVeer · listed since Feb 2016
- Daniel G Kelly Jr · since May 12, 2016
- Mary Beth Henson · since Mar 4, 2022
Officers 4
- Michael Kort Schnabel · Chief Executive Officer · listed since Nov 2025
- Jana Markowicz · Chief Operating Officer · since Jan 18, 2023
- Ian Fitzgerald · GC, VP and Secretary · since Sep 30, 2025
- Scott C Lem · CAO, VP & Treasurer · since Dec 5, 2013
Changes in the last 10 years (11)
| Nov 3, 2025 | Michael Kort Schnabel listed as Chief Executive Officer (previously Co-President) in SEC filings |
| Sep 30, 2025 | Ian Fitzgerald became GC, VP and Secretary |
| Oct 24, 2024 | James Robert Miller became Co-President |
| Mar 1, 2024 | The company announced the departure of Bennett Rosenthal from the board in an SEC filing |
| Feb 15, 2024 | Paul Won Jae Cho became Chief Accounting Officer |
| Nov 6, 2023 | The company announced the departure of Penelope F Roll as Chief Financial Officer in an SEC filing |
| Jan 18, 2023 | Jana Markowicz became Chief Operating Officer |
| Oct 25, 2022 | The company announced the departure of Michael Lewis Smith as Co-President in an SEC filing |
| Oct 20, 2022 | Michael Kort Schnabel became Co-President |
| Mar 4, 2022 | Mary Beth Henson became a director |
| Nov 21, 2019 | Michael K Parks became a director |
Not reported recently (7)
- James Robert Miller · Last reported as Co-President in an SEC filing dated Mar 7, 2025
- Michael J Arougheti · Last reported as a director in an SEC filing dated Feb 20, 2025
- Michael K Parks · Last reported as a director in an SEC filing dated May 10, 2024
- Paul Won Jae Cho · Last reported as Chief Accounting Officer in an SEC filing dated Feb 15, 2024
- Joshua M Bloomstein · Last reported as General Counsel, VP & Sec. in an SEC filing dated Oct 30, 2020
- Robert L Rosen · Last reported as a director in an SEC filing dated Aug 21, 2020
- Steve Bartlett · Last reported as a director in an SEC filing dated Nov 4, 2019
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
22 ETFs hold ARCC
22 shown · $286.58M total exposure · 9.36% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | BIZD VanEck BDC Income ETF | VanEck | 14.21% | $198.2M | $1.4B | 2026-10-20 |
| 2 | PBDC Putnam BDC Income ETF | Franklin | 11.49% | $30.2M | $260.8M | 2026-10-20 |
| 3 | BSCS Invesco BulletShares 2028 Corporate Bond ETF | Invesco | 0.27% | $9.6M | — | 2026-10-20 |
| 4 | BSCR Invesco BulletShares 2027 Corporate Bond ETF | Invesco | 0.21% | $9.4M | — | 2026-10-20 |
| 5 | PSP Invesco Global Listed Private Equity ETF | Invesco | 3.30% | $7.1M | — | 2026-10-20 |
| 6 | BSCT Invesco BulletShares 2029 Corporate Bond ETF | Invesco | 0.22% | $6.7M | — | 2026-10-20 |
| 7 | BSCU Invesco BulletShares 2030 Corporate Bond ETF | Invesco | 0.21% | $5.8M | — | 2026-10-20 |
| 8 | BSCW Invesco BulletShares 2032 Corporate Bond ETF | Invesco | 0.35% | $5.3M | — | 2026-10-20 |
| 9 | FBDC FT Confluence BDC & Specialty Finance Income ETF | First Trust | 9.76% | $3.3M | $34.3M | 2026-10-20 |
| 10 | BSCV Invesco BulletShares 2031 Corporate Bond ETF | Invesco | 0.17% | $3.1M | — | 2026-10-20 |
| 11 | BSCX Invesco BulletShares 2033 Corporate Bond ETF | Invesco | 0.24% | $2.6M | — | 2026-10-20 |
| 12 | HYIN WisdomTree Private Credit and Alternative Income Fund | Nport | 3.30% | $1.7M | — | 2026-05-31 |
| 13 | FXED Sound Enhanced Fixed Income ETF | Nport | 3.15% | $1.3M | — | 2026-05-31 |
| 14 | PEX ProShares Global Listed Private Equity ETF | ProShares | 9.88% | $1.0M | — | 2026-10-21 |
| 15 | LBO WHITEWOLF Publicly Listed Private Equity ETF | Nport | 10.16% | $716,482 | — | 2026-07-31 |
| 16 | VPC Virtus Private Credit Strategy ETF | Nport | 1.12% | $339,181 | — | 2026-07-31 |
| 17 | QIDX Indexperts Quality Earnings Focused ETF | Nport | 0.38% | $147,454 | — | 2026-07-31 |
| 18 | TMSF T. Rowe Price Multi-Sector Income ETF | Nport | 0.14% | $41,208 | — | 2026-05-31 |
| 19 | AVTM Avantis Total Equity Markets ETF | Avantis | 0.00% | $37,760 | $781.4M | 2026-10-20 |
| 20 | NYNY Corgi NYC Based ETF | Corgi | 0.93% | $7,562 | $811,932 | 2026-10-21 |
| 21 | GBHI Gabelli High Income ETF | Nport | 0.12% | $6,949 | — | 2026-06-30 |
| 22 | NPFE NPF Core Equity ETF | Nport | 0.00% | $4,390 | — | 2026-07-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$1.63
TTM Revenue
$3.08B
TTM Net Income
$1.15B
TTM Op. Cash Flow
$-1.23B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $763.00M | $92.00M | $0.13 | $184.00M |
| Q4 '25 | 2025-12-31 | $793.00M | $293.00M | $0.41 | $-427.00M |
| Q3 '25 | 2025-09-30 | $782.00M | $404.00M | $0.57 | $-773.00M |
| Q2 '25 | 2025-06-30 | $745.00M | $361.00M | $0.52 | $-218.00M |
| Q1 '25 | 2025-03-31 | $732.00M | $241.00M | $0.36 | $-299.00M |
| Q4 '24 | 2024-12-31 | $759.00M | $357.00M | $0.54 | $-268.00M |
| Q3 '24 | 2024-09-30 | $775.00M | $394.00M | $0.62 | $-521.00M |
| Q2 '24 | 2024-06-30 | $755.00M | $322.00M | $0.52 | $-1.32B |
| Q1 '24 | 2024-03-31 | $701.00M | $449.00M | $0.76 | $-21.00M |
| Q4 '23 | 2023-12-31 | $707.00M | $413.00M | $0.70 | $-359.00M |
| Q3 '23 | 2023-09-30 | $655.00M | $500.00M | $0.87 | $46.00M |
| Q2 '23 | 2023-06-30 | $634.00M | $331.00M | $0.59 | $-48.00M |
Q1 2026 • period ending 2026-03-31 • filed 2026-04-28
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
11.29
P/B
0.92
P/S
4.21
EV/EBITDA
12.37
EV/Sales
9.19
ROE
8.2%
ROA
3.7%
Div Yield
10.00%
FCF Yield
-9.51%
Debt/Equity
1.13
Current Ratio
—
Market Cap
$12.98B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
40.55M
SI % of Float
5.68%
Days to Cover
8.58
Short Vol Ratio
60.4%
Free Float
714.29M
Float %
99.5%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-07