Ares Capital (ARCC) gains modestly Monday, subject of a broader feature on finding yield in this week’s edition of Barron’s.
The article addressed business development companies (BDCs), including Ares, as one of the last frontiers for higher yields in the current market climate.
ARCC, an industry bellwether, trades at 11 times this year’s earnings estimate and yields 8.9%, the article notes.
The stock traded up to $17.96 on Monday, nearing a test of its all-time high of $18.64, hit about three weeks ago.
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