J.P. Morgan Adjusts ARCC Estimates

J.P. Morgan is adjusting its FY2011 and FY2012 operating EPS estimates on Ares Capital Corporation (NASDAQ: ARCC) to $1.25 and $1.54 from $1.38 and $1.55, respectively, “mainly due to slower loan growth and NIM compression as the company locks in more fixed-rate term debt financing in return for future yield benefit.”

Ares Capital closed Tuesday at $17.40.