ARES - Ares Management Corporation
| Previous Close | 37.90 |
| Open | 38.02 |
| Bid | 36.97 x 1000 |
| Ask | 38.05 x 800 |
| Day's Range | 36.90 - 38.02 |
| 52 Week Range | 20.53 - 38.17 |
| Volume | 355,478 |
| Avg. Volume | 486,381 |
| Market Cap | 8.587B |
| Beta (5Y Monthly) | 1.53 |
| PE Ratio (TTM) | 42.06 |
| EPS (TTM) | 0.88 |
| Earnings Date | Feb 12, 2020 |
| Forward Dividend & Yield | 1.28 (3.38%) |
| Ex-Dividend Date | Dec 15, 2019 |
| 1y Target Est | 39.92 |
- 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.
- 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.
- 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).
- 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.
- 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.
- 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.
- 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
- 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.
- 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.
