ARES - Ares Management Corporation

NYSE - NYSE Delayed Price. Currency in USD
37.10
-0.80 (-2.11%)
At close: 4:02PM EST
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Previous Close37.90
Open38.02
Bid36.97 x 1000
Ask38.05 x 800
Day's Range36.90 - 38.02
52 Week Range20.53 - 38.17
Volume355,478
Avg. Volume486,381
Market Cap8.587B
Beta (5Y Monthly)1.53
PE Ratio (TTM)42.06
EPS (TTM)0.88
Earnings DateFeb 12, 2020
Forward Dividend & Yield1.28 (3.38%)
Ex-Dividend DateDec 15, 2019
1y Target Est39.92
  • Business Wire

    Ares Management Appoints Naseem Sagati Aghili as General Counsel

    Ares Management Corporation (NYSE: ARES) ("Ares") announced today that Naseem Sagati Aghili has been appointed to the role of General Counsel and Secretary of Ares, effective January 1, 2020.

  • Business Wire

    Ares Management Corporation Announces Agreement to Acquire Majority Interest in SSG Capital Holdings Limited

    Ares Management Corporation (NYSE: ARES) ("Ares") announced today that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings Limited and its operating subsidiaries (collectively, "SSG"), a leading Asian alternative asset management firm.

  • Business Wire

    Ares Management Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended December 31, 2019

    Ares Management Corporation (NYSE:ARES) announced today that it will report earnings for the fourth quarter and fiscal year ended December 31, 2019 on Thursday, February 13, 2020 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 fourth quarter and fiscal year ended 2019 financial results.

  • Ares Management (ARES) Moves to Buy: Rationale Behind the Upgrade
    Zacks

    Ares Management (ARES) Moves to Buy: Rationale Behind the Upgrade

    Ares Management (ARES) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Business Wire

    Stephane Etroy Joins Ares Management Corporation as Head of European Private Equity

    Ares Management Corporation (NYSE: ARES) announced today that Stephane Etroy is joining the firm as a Partner and Head of European Private Equity, effective February 6, 2020. Based in London, Mr. Etroy will lead Ares’ European Private Equity activities and seek to benefit from the firm’s strong European credit and real estate platforms. In addition, he will serve as a member of the Ares Private Equity Group’s Corporate Opportunities Investment Committee.

  • Top Small Cap Stocks for January 2020
    Investopedia

    Top Small Cap Stocks for January 2020

    Small cap stocks are listed companies that have market capitalizations ranging from $300 million to $2 billion. Since the share prices of these companies can have big fluctuations over a short period of time, companies with market caps of up to $10 billion are also found in the small cap universe. Some of the stocks classified as small cap include cloud computing business Fastly Inc. (FSLY), fitness and wellness company Tivity Health Inc (TVTY), and gaming firm Century Casinos Inc. (CNTY).

  • Valet Living Acquires Trojan Waste Solutions, Advances Presence In Texas
    PR Newswire

    Valet Living Acquires Trojan Waste Solutions, Advances Presence In Texas

    Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, today announced the acquisition of doorstep waste and recycling provider, Trojan Waste Solutions.

  • Business Wire

    Epic Y-Grade Announces FID of Second Greenfield Fractionator and Subsequent Upsize of Its Term Loan – B

    EPIC Y-Grade, LP ("EPIC" or "the Company") is pleased to announce that a subsidiary will construct a second, 110,000 barrel per day greenfield fractionator at its Robstown, Texas, fractionation complex which currently consists of 70 thousand barrels per day of operational fractionation capacity and EPIC first greenfield fractionator that is still under construction. The decision to sanction the second greenfield fractionator resulted from EPIC’s continued success securing fixed-fee multiyear supply contracts with several gathering and processing companies in the Permian Basin.

  • Barrons.com

    Apollo, Carlyle, and 3 Other Alternative-Asset Managers That Have Steadied Their Dividend Payouts

    Income investors who’ve dismissed publicly traded alternative-asset managers like Apollo Global Management because of their inconsistent payouts might want to reconsider: Many of these companies have shifted their policies to focus more on steady dividend payments.

  • Hedge Funds Have Never Been This Bullish On Ares Management Corporation (ARES)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Ares Management Corporation (ARES)

    The market has been volatile in the last few months as the Federal Reserve finalized its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage […]

  • Business Wire

    EPIC Crude Announces First Shipment of Crude Oil for Export From the EPIC Dock Facility Located in Corpus Christi, Texas

    EPIC Crude Holdings, LP ("EPIC" or "the Company") is pleased to announce that one of its subsidiaries has loaded and launched the first shipment of crude oil from the IGC marine terminal located on the Inner Harbor of the Corpus Christi Ship Channel. The IGC terminal, formerly the International Grain Port Terminal, was repurposed by EPIC beginning in June 2019 to enable it to export crude oil while EPIC’s larger export terminal is still under construction.

  • The Top 5 Holdings of Chuck Royce's Firm
    GuruFocus.com

    The Top 5 Holdings of Chuck Royce's Firm

    Small-cap specialist’s largest position is Quaker Chemical Continue reading...

  • Business Wire

    Ares Management Corporation to Present at Goldman Sachs Financial Services Conference

    Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Goldman Sachs Financial Services Conference on Tuesday, December 10, 2019 at 11:10 AM EST in New York City.

  • Moody's

    Floor and Decor Outlets of America, Inc. -- Moody's upgrades Floor and Decor's CFR to Ba3

    Floor & Decor's Speculative Grade Liquidity rating is SGL-2 and the outlook is stable. "Today's upgrade reflects Floor & Decor's steady improvement in operating profit as new locations are added and operating trends remain positive for both average check and transactions that has resulted in a sustained improvement in credit metrics" stated Bill Fahy, Moody's Senior Credit Officer.

  • Housing proposed at closed eatery, event space in Dorchester
    American City Business Journals

    Housing proposed at closed eatery, event space in Dorchester

    The Michaels Organization, a New Jersey-based affordable housing developer, plans to build a six-story, 207-unit residential complex at 780 Morrissey Blvd. in Dorchester. If approved, the property would mark the Massachusetts entrance for the Camden, New Jersey-based developer, which bills itself as the “nation’s largest privately-held owner of affordable housing.” Michaels has developed 55,000 units across 400 communities in 35 states, Washington, D.C. and the U.S. Virgin Islands. Morrissey Boulevard has seen a spate of new real-estate development and proposals, including a Honda dealership at nearby 710-720 Morrissey Blvd. and The BEAT, the speculative redevelopment of the former Boston Globe headquarters at 135 Morrissey Blvd. Accordia Partners and Ares Capital (NYSE: ARES) this summer bought the 12-acre Santander Bank site at 2 Morrissey Blvd. for $235 million.

  • GlobeNewswire

    Infrastructure and Energy Alternatives, Inc. Announces Closing of $80 Million Equity Transaction

    INDIANAPOLIS, Ind., Nov. 15, 2019 -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with.

  • Business Wire

    Michael Schechter Joins Ares Management Corporation as Head of Credit Trading

    New Position Highlights Ares’ Commitment to Enhance its Trading Platform

  • Moody's

    CoolSys, Inc. -- Moody's assigns CoolSys's first-time CFR of B3; first lien credit facilities rated B3

    Moody's Investors Service ("Moody's") assigned first-time ratings for CoolSys, Inc. (CoolSys),including a B3 Corporate Family Rating (CFR) and a B3-PD Probability of Default Rating. CoolSys will utilize proceeds from the proposed term loan to refinance the company's existing debt, including a bridge loan from private equity sponsor Ares Management which along with a sizable equity contribution, funded the March 2019 acquisition of CoolSys. "The B3 CFR reflects CoolSys' position as a leading provider in the highly fragmented commercial refrigeration-HVAC services sector, as well as the company's relative small scale and aggressive growth strategy through acquisitions," said Oliver Alcantara, Moody's lead analyst for CoolSys.

  • PR Newswire

    McDonald's USA Signs First-Ever Large-Scale Virtual Power Purchase Agreements (VPPAs)

    CHICAGO, Nov. 7, 2019 /PRNewswire/ -- McDonald's (MCD) announced the signing of two long-term, large-scale virtual power purchase agreements (VPPAs), whereby McDonald's will buy renewable energy generated by Aviator Wind West, a wind power project located in Coke County, Texas and a solar project located in Texas. The combined 380MW in renewable energy expected to be generated from McDonald's contribution to these projects will help to prevent over 700,000 metric tons of carbon emissions each year, which is equivalent to planting more than 11 million trees or taking over 140,000 cars off the road for one year.

  • Moody's

    EPIC Y-Grade Services, LP -- Moody's changes outlook on EPIC Y-Grade to positive

    Moody's Investors Service ("Moody's") affirmed the B3 Corporate Family Rating (CFR) and B3-PD Probability of Default rating of EPIC Y-Grade Services LP (EPIC Y-Grade). The rating agency also affirmed the B3 rating assigned to EPIC Y-Grade's senior secured notes and the Ba3 rating on its secured revolving credit facility.

  • Thomson Reuters StreetEvents

    Edited Transcript of ARES earnings conference call or presentation 31-Oct-19 4:00pm GMT

    Q3 2019 Ares Management Corp Earnings Call

  • Business Wire

    Ares Management Corporation Highlights Third Quarter and Year-to-Date U.S. Direct Lending Commitments

    Approximately $4.5 Billion in New U.S. Direct Lending Commitments Closed in the Third Quarter and Approximately $11.0 billion in the Year-to-Date Period

  • Investment Manager Ares Posts Results That Keep Improving, Dramatically
    Investor's Business Daily

    Investment Manager Ares Posts Results That Keep Improving, Dramatically

    Ares Management reported another strong quarter. The stock is well on its way to a potential buy point, making it today's pick for IBD 50 Stocks to Watch.

  • Ares Management (ARES) Lags Q3 Earnings Estimates
    Zacks

    Ares Management (ARES) Lags Q3 Earnings Estimates

    Ares Management (ARES) delivered earnings and revenue surprises of -8.11% and 11.05%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Ares Management Corporation Reports Third Quarter 2019 Results

    Ares Management Corporation (ARES) today reported its financial results for its third quarter ended September 30, 2019. “The third quarter represents our tenth consecutive quarter of sequential growth in assets under management, management fees and fee related earnings which illustrates our strong execution across our investing, capital raising and operating activities,” said Michael Arougheti, Chief Executive Officer and President of Ares.