Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund, Inc.verified

ARDC

Price:

$15.1562

Market Cap:

$347.30M

Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, debt securities issued by CLOs, and other fixed-income instruments. It focuses on such factors as the overall macroeconomic environment, financial markets, and company specific research and analysis, to create its portfolio. Ares Dynamic Credit Allocatio...[Read more]

Industry

Asset Management

IPO Date

2012-11-28

Stock Exchange

NYSE

Ticker

ARDC

The Enterprise Value as of September 2024 (TTM) for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 529.27M

According to Ares Dynamic Credit Allocation Fund, Inc.’s latest financial reports and current stock price. The company's current Enterprise Value is 529.27M. This represents a change of 24.67% compared to the average of 424.54M of the last 4 quarters.

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Historical Enterprise Value (quarterly & annually)

How has ARDC Enterprise Value performed in the past?

The mean historical Enterprise Value of Ares Dynamic Credit Allocation Fund, Inc. over the last ten years is 478.16M. The current 529.27M Enterprise Value has changed 10.97% with respect to the historical average. Over the past ten years (40 quarters), ARDC's Enterprise Value was at its highest in in the April 2018 quarter at 543.66M. The Enterprise Value was at its lowest in in the December 2022 quarter at 327.95M.

Quarterly (TTM)
Annual

Average

478.16M

Median

493.83M

Minimum

327.95M

Maximum

541.73M

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Ares Dynamic Credit Allocation Fund, Inc. Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 42.82%

Maximum Annual Enterprise Value = 541.73M

Minimum Annual Increase = -33.11%

Minimum Annual Enterprise Value = 327.95M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2023468.37M42.82%
2022327.95M-33.11%
2021490.30M0.59%
2020487.41M-4.59%
2019510.87M1.91%
2018501.30M-7.46%
2017541.73M8.92%

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Average Enterprise Value

How has ARDC Enterprise Value performed in the past?

The current Enterprise Value of Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

428.87M

5-year avg

456.98M

10-year avg

478.16M

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Enterprise Value vs. Peers

How is ARDC’s Enterprise Value compared to its peers?

Ares Dynamic Credit Allocation Fund, Inc.’s Enterprise Value is less than Virtus Convertible & Income 2024 Target Term Fund (0), greater than Eaton Vance Floating-Rate Income Trust (179.18M), greater than NXG NextGen Infrastructure Income Fund (517.89M), greater than GAMCO Natural Resources, Gold & Income Trust (156.57M), greater than MFS Investment Grade Municipal Trust (98.79M), greater than Eaton Vance Senior Income Trust (111.11M), greater than BlackRock Floating Rate Income Strategies Fund, Inc. (118.03M), less than Calamos Long/Short Equity & Dynamic Income Term Trust (611.19M), greater than Eaton Vance Tax-Managed Buy-Write Income Fund (426.40M), greater than Nuveen Preferred and Income Fund (425.93M), greater than Calamos Global Dynamic Income Fund (116.69M), less than Calamos Global Total Return Fund (633.08M), greater than DTF Tax-Free Income 2028 Term Fund Inc. (144.03M), greater than The Gabelli Global Small and Mid Cap Value Trust (77.09M), greater than null (117.89M),

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Frequently asked questions❓

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How does the current Enterprise Value for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) compare to its historical average?