|Bid||28.22 x 900|
|Ask||28.23 x 800|
|Day's Range||27.86 - 28.27|
|52 Week Range||16.18 - 28.63|
|Beta (3Y Monthly)||1.65|
|PE Ratio (TTM)||348.77|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||1.28 (4.50%)|
|1y Target Est||30.20|
Co-Founder, CEO & President of Ares Management Corp (30-Year Financial, Insider Trades) Michael J Arougheti (insider trades) sold 127,400 shares of ARES on 07/15/2019 at an average price of $28.3 a share. Continue reading...
Co-Founder, CEO & President of Ares Management Corp (ARES) Michael J Arougheti (insider trades) sold 274,712 shares of ARES on 07/11/2019 at an average price of $27.67 a share. Continue reading...
Tampa, FL, July 11, 2019 -- Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, acquires doorstep trash and.
Ares Management Corporation (ARES) announced today that it will report earnings for the second quarter ended June 30, 2019 on Wednesday, July 31, 2019 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its second quarter 2019 financial results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.aresmgmt.com.
Ares Management Corporation (ARES) (“Ares”) today announced an expansion of its existing insurance platform, Ares Insurance Solutions, through the launch of Aspida Financial (“Aspida”), an indirect subsidiary of Ares. Aspida has entered into an agreement to acquire Pavonia Life Insurance Company of Michigan and its insurance operations (the “Company”), a Michigan-domiciled insurance company with approximately $1.1 billion of assets and approximately $76 million of statutory capital and surplus as of March 31, 2019.
Moody's Investors Service ("Moody's") assigned a B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating to Emerald TopCo, Inc. (dba Press Ganey). Concurrently, Moody's assigned a B2 rating to the company's proposed $250 million senior secured first lien revolving credit facility and $1.25 billion senior secured first lien term loan. The B2 rating on the first lien debt reflects their priority position relative to second-lien debt of $453 million (unrated) in the capital structure.
Co-Founder, CEO & President of Ares Management Corp (NYSE:ARES) Michael J Arougheti sold 253,922 shares of ARES on 07/02/2019 at an average price of $26.52 a share.
The UMass Building Authority (UMBA) today announced that it has entered into definitive documents with Accordia Partners and an affiliate of the Real Estate Group of Ares Management Corporation (NYSE:ARES) on lease terms for the 20-acre site that had previously housed the Bayside Expo Center. Final lease terms for the site formalize an agreement in principle announced by the parties in February 2019 when UMBA voted to designate Accordia Partners and Ares to build a mixed-use urban innovation campus at the site.
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by nearly 9 percentage points since the end of the third quarter of 2018 as investors worried over the possible ramifications of rising interest rates and escalation of the trade war with China. The hedge funds and institutional investors we track typically invest more […]
Denver, June 27, 2019 -- Valet Living, the nation’s leading provider of premium home-related amenity services for residential living, today announced the launch of Quick.
Quick Turns Sets New Industry Standard to Five Days, Accelerating The Process of Turnover and Maintenance for Apartment Communities Nationwide DENVER , June 27, 2019 /PRNewswire/ -- Valet Living, the ...
In a groundbreaking deal, Valet Living, the nation's leading provider of premium home-related amenity services for residential living, further enhances its commitment to wellness amenities by acquiring Torch Fitness. “We are thrilled to continue accelerating the expansion of our fitness offerings within Valet Living Home as we continue to enhance and redefine the residential living experience in multifamily communities,” said Shawn Handrahan, President and Chief Executive Officer of Valet Living.
TAMPA, Fla. , June 26, 2019 /PRNewswire/ -- In a groundbreaking deal, Valet Living, the nation's leading provider of premium home-related amenity services for residential living, further enhances its commitment ...
Valet Living Inspires Fitness Possibilities with NBC "Biggest Loser" Star DENVER , June 20, 2019 /PRNewswire/ -- Valet Living, the nation's leading provider of premium home-related amenity services ...
Houston-based Gastar Exploration LLC and Tulsa, Oklahoma-based Chisholm Oil and Gas LLC plan to combine, with the goal of creating "the leading STACK (exploration and production) company," according to a June 19 press release. The companies, both controlled by private equity funds, did not disclose financial terms of the deal in the release. The combined company will retain the name Chisholm Oil and Gas and stay headquartered in Tulsa.
Chisholm Oil and Gas, LLC ("Chisholm") of Tulsa, Oklahoma and Gastar Exploration LLC ("Gastar") of Houston, Texas announced today that they have entered into definitive agreements to effect a merger between the two companies. The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, will have net production of approximately 20,000 Boe per day and a combined acreage position of approximately 165,000 net acres, primarily in Kingfisher County, Oklahoma. Chisholm is currently running three rigs and has a dedicated frac crew.
Development Capital Resources, LLC (DCR) announced today that a DCR-managed subsidiary, capitalized by funds managed by affiliates of Ares Management Corporation (ARES), has entered into a drilling and development joint venture with a private operator in the Permian Basin. The DCR-managed entity will invest up to $165 million in the joint venture and will participate as a working interest owner in the drilling and completion of identified drilling locations in the Permian’s Wolfcamp formation. “This transaction represents a continuation of our strategy of participating in energy sector joint ventures with quality operators in established basins,” said Ronnie Scott, President of DCR.
Accordia Partners and Ares Capital are the development team leading the redevelopment of the 20-acre Bayside Expo Center, located across the street from the Santander Bank site at 2 Morrissey Blvd.
The site at 2 Morrissey includes five buildings with a total of 425,000 rentable square feet. Located in the Dorchester enclave of Boston at the JFK/UMass MBTA station, 2 Morrissey is across the street from the 20-acre site of the former Bayside Expo Center. Accordia Partners and Ares Management were selected by the University of Massachusetts earlier this year to develop the Bayside Expo Center site.
Ares Management Corporation (ARES) and JAB Investors today announced that a fund managed by the Private Equity Group of Ares and its minority partner, OMERS Private Equity, have signed a definitive agreement to sell National Veterinary Associates (“NVA”), one of the largest veterinary and pet care services organizations in the world, to JAB Investors. NVA’s senior management team, including CEO Greg Hartmann, will maintain a significant minority ownership and will continue to lead the business with their deep and personal commitment to the profession.
Moody's Investors Service ("Moody's") today stated that if the Transaction Support Agreement announced by 99 Cents Only Stores LLC on 29 May 2019 proceeds as outlined, it will constitute a distressed exchange, which is an event of default under Moody's definition of default. As a result, Moody's downgraded the 99 Cents Only Stores LLC's Probability of Default rating to Ca-PD from Caa2-PD. Under the Transaction Support Agreement all of 99 Cents' Second Lien debt holders and 89% of its Third Lien debt holders committed to convert their existing debt holdings (approximately $290 million in total) to preferred and common equity.
Press Ganey Associates, Inc., a leading provider of safety, quality, patient experience and workforce engagement solutions for healthcare organizations, announced that it has entered into a definitive agreement to be acquired by private equity funds managed by Leonard Green & Partners, L.P. (“LGP”) and affiliates of Ares Management Corporation (ARES). “We are very excited about our future partnership with Ares Management and LGP.