|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.05 - 22.05|
|52 Week Range||17.40 - 25.95|
|PE Ratio (TTM)||15.68|
|Earnings Date||Aug 2, 2018|
|Forward Dividend & Yield||1.12 (5.30%)|
|1y Target Est||26.83|
Ares Management LLC is preparing to raise an energy and infrastructure investment fund with a $1 billion target, according to people with knowledge of the matter. The investment firm co-founded by Chief Executive Officer Michael Arougheti has held preliminary talks with investors about raising Ares Energy Investors Fund VI, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Los Angeles-based Ares completed its acquisition of Energy Investor Funds in January 2015 in what Arougheti described as an “accretive, strategically valuable.” deal that would allow the firm to offer a wider range of products to backers.
Ares Management, L.P. (ARES) announced today that it will report earnings for the second quarter ended June 30, 2018 on Thursday, August 2, 2018 prior to the opening of the New York Stock Exchange. Ares Management, L.P. will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its second quarter 2018 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.
CHICAGO, July 9, 2018 /PRNewswire/ -- Marathon Capital, LLC ("Marathon") is pleased to announce that IGS Solar and a private equity fund managed by Ares EIF, the power and energy infrastructure strategy within Ares Management, L.P. (ARES), have closed an approximately $145 million tax equity capital partnership with an undisclosed tax equity investor to finance solar generation assets for homeowners throughout the United States. This partnership is expected to deploy an initial portfolio of approximately 4,000 residential solar power purchase agreements (PPAs) in the northeastern United States.
This Thursday morning, WallStEquities.com looks at the performance of these four Asset Management stocks: Affiliated Managers Group Inc. (NYSE: AMG), Ares Management L.P. (NYSE: ARES), BrightSphere Investment Group PLC (NYSE: BSIG), and Cannae Holdings Inc. (NYSE: CNNE). On Tuesday, shares in Prides Crossing, Massachusetts-based Affiliated Managers Group Inc. recorded a trading volume of 180,393 shares.
Ares Capital Corporation (“Ares Capital”) (ARCC) announced today that it will report earnings for the second quarter ended June 30, 2018 on Wednesday, August 1, 2018 prior to the opening of the Nasdaq Global Select Market. Ares Capital Corporation invites all interested persons to attend its webcast/conference call at 12:00 p.m. (Eastern Time) on the same day to discuss its second quarter ended June 30, 2018 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 www.arescapitalcorp.com.
KKR & Co transforms into a corporation on Sunday, a change that should help the U.S. private equity firm tap a new pool of investors for its stock. What remains to be seen is if, given the new option, active fund managers will want to buy what KKR is selling. The firm's rivals will meanwhile be keeping an eye on investor demand to judge if they should follow suit.
A San Antonio-based company completed phase two of a 700-mile pipeline that will move ethane, propane, butane, pentane and other natural gas liquids from the Permian Basin and Eagle Ford Shale to Corpus Christi.
Moody's Investors Service placed its ratings for American Tire Distributors, Inc. ("ATDI") under review for downgrade, including the company's Caa2 Corporate Family Rating (CFR) and Caa3-PD Probability of Default Rating, as well as the Caa1 and Caa3 ratings for the company's senior secured term loan and senior subordinated notes, respectively. The review follows today's announcement that a US subsidiary of Bridgestone Corporation (A2 stable) is discontinuing its relationship with ATDI following approval of the TireHub, LLC joint venture between Bridgestone and The Goodyear Tire & Rubber Company (Ba2 stable). Moody's review for downgrade reflects the risk that ratings will be lowered following today's announcement that Bridgestone is also now discontinuing its relationship with the company, and that ATDI's fundamental creditworthiness is likely to erode more significantly than the rating agency had originally anticipated.
TAMPA, Fla., June 27, 2018 /PRNewswire/ -- As of June 22, 2018, Valet Living, pioneer of the doorstep collection amenity, acquired Invisible Waste Services (IWS). Servicing more than one million apartment homes across 38 states, and as the nation's leading provider, Valet Living has expanded to deliver on its vision as the only nationally-recognized full-service amenities provider to the multifamily industry, enhancing life for both residents and property managers. In addition to doorstep collection and recycling services, Valet Living also sets the standard for turn services, maintenance support, and pet solutions and recently announced Valet Living Home, a mobile application platform for residential amenities. "IWS is a service based company, and we believe it can reach its full potential by aligning with Valet Living, a company that specializes and excels in that space," said CEO and President of Cascade Engineering, IWS's parent company, Mark Miller.
NEW YORK, June 22, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Willdan ...
Valet Living Home is the only amenity services app developed specifically for apartment residents by multifamily amenity experts. TAMPA, Fla., June 20, 2018 /PRNewswire/ -- Last week, in front of over 10,000 attendees at the National Apartment Association's Apartmentalize Conference and Exposition, Valet Living debuted its latest venture, Valet Living Home. The much-anticipated undertaking set the multifamily community abuzz with interest from property managers nationwide. "Valet Living has been servicing the multifamily community since 1995," said CEO and President, Shawn Handrahan. "Over the past 23 years we have built wonderful partnerships with the communities that we service, and as a company, we have been looking for ways to help these communities even more.
Two large investors in Ranger Direct Lending Fund (RDL.L), Oaktree Capital Management (OAK.N) and LIM Advisors, said they would continue a push to elect their board nominees at the closed-end fund that announced it was winding itself down. Ranger Direct Lending is listed in the U.K. but is a mostly North American credit portfolio. A wind-down means Ranger will close down its investments and return its more than $200 million assets to shareholders.
Ares Management, L.P. (ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Morgan Stanley Financials Conference on Tuesday, June 12, 2018 at 1:55 pm EDT in New York City. A live audio webcast of the presentation will be available in the Investor Resources section of the Company’s website at www.aresmgmt.com. For those unable to listen to the live audio webcast, a replay will be available on the Company’s website shortly after the event.
LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want a free Stock Review on BSIG sign up now at www.wallstequities.com/registration. For today, WallStEquities.com covers the Asset Management space, which offers investment services along with a wide range of traditional and alternative product offerings that might not be available to the average investor. Under evaluation this morning are these four stocks: Affiliated Managers Group Inc. (NYSE: AMG), Ares Management L.P. (NYSE: ARES), BrightSphere Investment Group PLC (NYSE: BSIG), and Cannae Holdings Inc. (NYSE: CNNE).
DURHAM, N.C. , June 1, 2018 /PRNewswire/ -- Alcami Corporation ("Alcami" or the "Company"), a leading provider of fully-integrated custom end-to-end solutions for the pharmaceutical ...
Moody's Investors Service affirmed CPG International LLC's d/b/a The AZEK Company ("AZEK") ratings, including its B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR), B2 rating on its amended $822 million (including $225 million add-on) first lien senior secured term loan due May 2024, and Caa2 rating on its $315 million senior unsecured notes due October 2021.
Ares Management, L.P. (ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financial Officer, Michael McFerran, are scheduled to present at the Keefe, Bruyette & Woods 2018 Mortgage Finance & Asset Management Conference on Thursday, May 31, 2018 at 11:25 am EDT in New York City. A live audio webcast of the presentation will be available in the Investor Resources section of the Company’s website at www.aresmgmt.com. For those unable to listen to the live audio webcast, a replay will be available on the Company’s website shortly after the event.
TAMPA, Fla., May 24, 2018 /PRNewswire/ -- Representatives of Valet Living worked with a key International Code Council (ICC) committee to promote regulations for its doorstep refuse and recycling collection service in apartment communities across the country. "It is clear the fire service has signaled its favor for the continuation of our industry into the future and has listened to its fire protection members' pleas to set a standard in the code that they can easily reference," said Valet Living's Chief Executive Officer, Shawn Handrahan.
Blackstone Group LP could convert into a corporation from a partnership if KKR & Co.’s planned switch results in a significant increase in valuation over the next year, according to a Credit Suisse analyst note. New York-based Blackstone would likely see a more than 50 percent improvement in its valuation and expand its investor base by converting to a C-corp, according to analyst Craig Siegenthaler. The private-equity firm could convert to the new structure as early as 2019, the note said.
Moody's Investors Service affirmed Panoche Energy Center, LLC's (Panoche) Baa3 rating on its senior secured bonds due 2029. Panoche's Baa3 senior secured bond rating reflects stable cash flows generated pursuant to a 20-year PPA with Pacific Gas & Electric Company (PG&E: A3 negative) and the importance of the project in both meeting the utility's peak energy needs and supporting the system's increasing intermittency challenges from an increasing renewable base in California. Based on the 2018 budget, Panoche's DSCR is expected to remain near 1.3x given the higher level of emission allowances to be surrendered during the year.
Moody's Investors Service ("Moody's") downgraded IG Investments Holdings, LLC's (the entity that indirectly owns Insight Global, LLC -- collectively referred to as "Insight Global") Corporate Family Rating ("CFR") to B2 from B1 and the Probability of Default Rating ("PDR") to B2-PD from B1-PD. Concurrently, Moody's downgraded the rating for Insight Global's first lien senior secured $60 million revolving credit facility expiring in 2019 to B2 from B1, and assigned B2 ratings to the company's proposed new $1,085 million first lien senior secured term loan due 2025 and the $60 million amended revolver that will have a 2023 expiration.
Moody's Investors Service, ("Moody's") assigned first time ratings to EPIC Y-Grade Services, LP (EPIC), including a B3 Corporate Family Rating (CFR), a B3-PD Probability of Default Rating (PDR), a Ba3 rating to its senior secured revolving credit facility and a B3 senior secured term loan rating.
Ares Management LP has created an investment vehicle to manage Kleen Energy Systems LLC for four investors. Kleen operates a natural gas-fired power plant in Middletown, Conn.