Your email has been successfully added to our mailing list.

×
0.000630517023959521 0.000630517023959521 -0.0384615384615386 -0.0384615384615386 -0.0384615384615386 -0.0130706179066836 -0.0116645649432536 -0.0119798234552335
Stock impact report

ARDC: A Higher-Yield Credit Fund With Tailwinds [Seeking Alpha]

Ares Dynamic Credit Allocation Fund, Inc. Common Shares (ARDC) 
US:NYSE Investor Relations: arespublicfunds.com
Company Research Source: Seeking Alpha
Summary ARDC features sector-beating yield, coverage and historic returns. The fund's 23% allocation to junior CLO debt is a sweet spot in our view between straight loans and CLO equity in the current market environment. Two tailwinds of the fund are the high and growing coverage which may result in a distribution increase. Relatively compressed discount valuation and above-average fee prevent the fund from achieving our highest rating. Junior CLO debt is not an asset class that gets a lot of attention in the current environment of strong capital gains on equity investments and eye-popping yields on CLO equity. However, this part of the credit market deserves a careful look given its more attractive risk/reward in our view. In this article we discuss the Ares Dynamic Credit Allocation Fund ( We like ARDC for its sector-beating historic returns, strong earnings and growing distribution coverage as well as a share repurchase program which provides another potential source of NAV gains. Show less Read more
Impact Snapshot
Event Time:
ARDC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for ARDC alerts
Opt-in for
ARDC alerts

from News Quantified
Opt-in for
ARDC alerts

from News Quantified