Steven McKeever - Ares Capital Independent Director

ARCC Stock  USD 20.79  0.05  0.24%   

Director

Mr. Steven B. McKeever is an Independent Director of the Company. Mr. McKeever has served as a director of the Company since 2012 and is currently the chairperson of the nominating and governance committee. Mr. McKeever is the CEO of Hidden Beach Recordings, an independent record label based in Los Angeles, California, which Mr. McKeever founded in 1997. From 1991 to 1995, Mr. McKeever was with Motown Records, where he served as Executive Vice President of Talent and Creative Affairs from 1993 to 1995 and Senior Vice President of Artists and Repertoire from 1991 to 1993. In 1992, Mr. McKeever created MoJAZZ Records, a subsidiary of Motown Records and served as its President. In 1993, he was instrumental in the sale of Motown Records to PolyGram Records. Mr. McKeever eventually left Motown Records in 1995 to work on his own entrepreneurial projects. Mr. McKeever began his career at the law firm of Irell Manella LLP in Los Angeles as an entertainment lawyer. In 2011, Mr. McKeever served as the Executive Producer of Entertainment for the dedication of the Martin Luther King, Jr. Memorial in Washington, D.C. Mr. McKeever currently serves as a director of several organizations, including College Bound, African Ancestry.com and The Pacific Institute Spirit Board. He served as a Governor of the Los Angeles Chapter of The National Academy of Recording Arts and Sciences from 2001 to 2003 and 2008 to 2010 and gives generous time to various charitable organizations such as The City of Hope since 2012.
Age 57
Tenure 12 years
Address 2000 Avenue of the Stars, Los Angeles, CA, United States, 90067-4733
Phone310 201 4100
Webhttps://www.arescapitalcorp.com
McKeever received his B.S. from the University of Illinois at Urbana Champaign and received his J.D. from Harvard Law School. The Company believes that Mr. McKeever diversity of experiences, in particular his small business and entrepreneurial experience, provides the Board with unique insight and expertise into the management of small and middlemarket companies.

Ares Capital Management Efficiency

The company has return on total asset (ROA) of 0.0505 % which means that it generated a profit of $0.0505 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1467 %, meaning that it created $0.1467 on every $100 dollars invested by stockholders. Ares Capital's management efficiency ratios could be used to measure how well Ares Capital manages its routine affairs as well as how well it operates its assets and liabilities. At present, Ares Capital's Return On Equity is projected to increase slightly based on the last few years of reporting. At present, Ares Capital's Other Assets are projected to increase significantly based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 171.78, whereas Non Current Assets Total are forecasted to decline to about 9.5 M.
The company currently holds 11.94 B in liabilities with Debt to Equity (D/E) ratio of 1.27, which is about average as compared to similar companies. Ares Capital has a current ratio of 0.93, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Ares Capital until it has trouble settling it off, either with new capital or with free cash flow. So, Ares Capital's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ares Capital sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ares to invest in growth at high rates of return. When we think about Ares Capital's use of debt, we should always consider it together with cash and equity.

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Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. The fund also seeks board representation in its portfolio companies. Ares Capital operates under Asset Management classification in the United States and is traded on NASDAQ Exchange. Ares Capital (ARCC) is traded on NASDAQ Exchange in USA. It is located in 2000 Avenue of the Stars, Los Angeles, CA, United States, 90067-4733 and employs 33 people. Ares Capital is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Ares Capital Leadership Team

Elected by the shareholders, the Ares Capital's board of directors comprises two types of representatives: Ares Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ares. The board's role is to monitor Ares Capital's management team and ensure that shareholders' interests are well served. Ares Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ares Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
Stephen Bartlett, Independent Director
Mark Affolter, Partner
Bennett Rosenthal, Co-Founder and Co-Chairman
Mitchell Goldstein, Executive Vice President
Daniel Kelly, Independent Director
Frank OBryan, Independent Director
Eric Siegel, Lead Independent Director
Kort Schnabel, Partner CoPresident
Steve Bartlett, Independent Director
Paul Cho, Chief Officer
Jana Markowicz, Chief Officer
Bates Torre, Independent Director
Veronica Mendiola, Vice President
Michael McFerran, Vice President Assistant Treasurer
Michael Smith, Co-Pres
Robert III, CEO Director
CPA CPA, CoPres
Daniel Nguyen, Vice President Assistant Treasurer
Won Cho, Chief Officer
Michael Weiner, Vice President
Kipp deVeer, CEO, Director
Mitchell CPA, CoPresident
Michael Arougheti, Co-Chairman and Executive VP
Lisa Morgan, Chief Compliance Officer
Scott Lem, Chief Accounting Officer, Vice President Treasurer
Steven McKeever, Independent Director
Robert Rosen, Independent Director
Joshua JD, General VP
Miriam Krieger, Chief Compliance Officer
Joshua Bloomstein, Vice President General Counsel, Secretary
Penelope Roll, Chief Officer
Ann Bates, Independent Director
John Stilmar, MD Communications

Ares Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ares Capital a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Ares Capital

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ares Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ares Capital will appreciate offsetting losses from the drop in the long position's value.

Moving against Ares Stock

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The ability to find closely correlated positions to Ares Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ares Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ares Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ares Capital to buy it.
The correlation of Ares Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ares Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ares Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ares Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Ares Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ares Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ares Capital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ares Capital Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ares Capital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Ares Stock refer to our How to Trade Ares Stock guide.
Note that the Ares Capital information on this page should be used as a complementary analysis to other Ares Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Ares Capital's price analysis, check to measure Ares Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ares Capital is operating at the current time. Most of Ares Capital's value examination focuses on studying past and present price action to predict the probability of Ares Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ares Capital's price. Additionally, you may evaluate how the addition of Ares Capital to your portfolios can decrease your overall portfolio volatility.
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Is Ares Capital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ares Capital. If investors know Ares will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ares Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.11
Dividend Share
1.92
Earnings Share
2.68
Revenue Per Share
4.718
Quarterly Revenue Growth
0.105
The market value of Ares Capital is measured differently than its book value, which is the value of Ares that is recorded on the company's balance sheet. Investors also form their own opinion of Ares Capital's value that differs from its market value or its book value, called intrinsic value, which is Ares Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ares Capital's market value can be influenced by many factors that don't directly affect Ares Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ares Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ares Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ares Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.