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
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ARDC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ARDC alerts
High impacting Ares Dynamic Credit Allocation Fund, Inc. Common Shares news events
Weekly update
A roundup of the hottest topics
ARDC
News
- Ares Dynamic Credit Allocation Fund Declares A Monthly Distribution of $0.1175 per ShareAccesswire
- ARDC: Dynamic Approach To A High Yield [Seeking Alpha]Seeking Alpha
- Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.Accesswire
- Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per ShareAccesswire
- Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.Accesswire
ARDC
Sec Filings
- 11/21/24 - Form 40-17G
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- ARDC's page on the SEC website