22.39 -0.01 (-0.02%)
After hours: 4:02PM EST
|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||21.95 - 22.77|
|52 Week Range||18.00 - 25.95|
|Beta (3Y Monthly)||2.46|
|PE Ratio (TTM)||36.47|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||1.12 (5.13%)|
|1y Target Est||26.10|
Leading Custom Design and Manufacturing Partner to Global Brands in the Dental, Medical and Cosmetic Industries will Serve as a Platform for Growth SANTA MONICA, Calif. and MORRISTOWN, Tenn. , Nov. 15, ...
BUENA, N.J., Nov. 13, 2018 -- Teligent, Inc. (NASDAQ: TLGT), (“Teligent” or the “Company”) announced today that the Company secured a financing commitment from funds managed by.
The Portland real estate firm teamed up with Ares Management to acquire a nearly 1-million-square-foot industrial property.
Bryant Park Capital (“BPC”), a leading middle market investment bank, announced today that NueHealth (the “Company”) has closed on a refinancing and growth capital financing with two leading providers of capital to the healthcare services industry, Ares Management, L.P. (ARES) and BC Partners Credit. BPC served as the financial advisor to NueHealth in connection with this transaction. NueHealth has over 20 years of proven success in Multi-Specialty and Orthopedic Specialty surgical care and is a national leader in developing, building, managing, and growing specialty surgical hospitals, ambulatory surgical centers (“ASCs”) and hyper-specialty centers. Founded in 1997 and headquartered in Leawood, KS, the Company has managed and held ownership interests in over 150 facilities since its inception and currently manages and/or owns 57 ASCs in 21 states with strategic geographic clustering in the Mid-Atlantic, Mid-West, and throughout Texas.
LEAWOOD, Kan. , Nov. 8, 2018 /PRNewswire/ -- NueHealth ("Company") is pleased to announce the successful closing of a new growth capital financing by funds managed by Ares Management, L.P. (NYSE: ...
NEW YORK, Nov. 07, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
A joint venture between real estate funds managed by Ares Management, L.P. and an affiliate of Specht Development, Inc. announced today the $48.5 million purchase of an industrial facility located on 62 acres at 6433 SE Lake Road in Milwaukie, Oregon, a submarket of the greater Portland, Oregon area.
An initial hearing Thursday at the U.S. Bankruptcy Court in Houston quickly focused on the treatment of minority shareholders as the case’s primary sticking point. “This case is going to turn out to be all about equity security holders,” Judge Marvin Isgur, the federal judge overseeing the bankruptcy, said Thursday. If approved by Judge Isgur, the chapter 11 plan would eliminate more than $300 million of funded-debt obligations and preferred equity interests.
Good day. The week is wrapping up with a bang rather than a whimper. Swiss firm Partners Group is betting on demand for catering services in Europe with plans to sell German catering company Hofmann Menü-Manufaktur GmbH.
Inc., a Houston-based oil-and-gas exploration company, has filed for chapter 11 bankruptcy protection, several days after disclosing a prepackaged bankruptcy plan. LLC. If approved by a judge, the plan would eliminate more than $300 million of funded-debt obligations and preferred equity interests. Ares would own 100% of the reorganized company’s common equity, court papers show.
Ares Management (ARES) delivered earnings and revenue surprises of -21.05% and -1.85%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Los Angeles-based company said it had net income of 9 cents. Earnings, adjusted for non-recurring costs, were 30 cents per share. The results fell short of Wall Street expectations. ...
Ares Management, L.P. (ARES) today reported its financial results for its third quarter ended September 30, 2018. "Our assets under management crossed over $125 billion as we have experienced record fundraising with approximately $26 billion of gross capital raised through the first nine months,” said Michael Arougheti, Chief Executive Officer and President of Ares. "We ended the third quarter with available capital representing 28% of our assets under management.
New England Confectionery Company (Necco), the Massachusetts-based candy manufacturer behind a slew of iconic brands dating to the 19th century, shut down after filing for bankruptcy. The good news for patient fans is that Clark Bars and Mary Janes, as well as the popular Sweethearts, will return over the next two years under different companies.
Ares Management, L.P. (ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Financial Officer and Chief Operating Officer, Michael McFerran, are scheduled to present at the Bank of America Merrill Lynch Future of Financials 2018 Conference on Monday, November 5, 2018 at 10:45 a.m. EST 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.
Gastar said it has signed a restructuring support agreement Friday with Ares and intends to file a prepackaged bankruptcy plan that will erase $300 million in liabilities. “The company needs new capital to continue to operate, and the RSA and related new capital commitment will ensure that the Company can continue to operate its business in the ordinary course,” Gastar said Friday. Ares is providing a $100 million new-money bankruptcy loan from Ares and other parties will provide a $383 million superpriority debtor-in-possession loan, according to Gastar’s filings.
Moody's Investors Service, ("Moody's") today downgraded Neiman Marcus Group LTD LLC's ("NMG") Corporate Family Rating to Caa3 from Caa2 and its Probability of Default Rating to Ca-PD from Caa2-PD. "The downgrade of NMG's Corporate Family Rating reflects its unsustainable leverage levels and short dated maturity profile despite its improved operational performance in the face of a healthy North America luxury market", says Christina Boni, Vice President.
Moody's Investors Service ("Moody's") affirmed EPIC Y-Grade Services, LP (EPIC) ratings, including B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR), Ba3 rating assigned to its senior secured revolving credit facility and B3 senior secured rating assigned to its term loan. "Robstown acquisition will add producing fractionation assets and will allow EPIC to reduce execution risks. Pending completion of the pipeline in mid-2019 and completion of the second fractionation facility in early 2020, credit risk remains relatively high, but is mitigated by a sizable up front equity commitment by the sponsors and strong management track record, as well as continued progress with securing off-take commitments", commented Elena Nadtotchi, Moody's Senior Credit Officer.
Sure, he’s a billionaire, owns a professional basketball team and gets invited to exclusive parties in the Hamptons. Instead, his Ares Management LP has taken a low-key approach, focusing on steady bets in private credit that’s left it overshadowed by firms more than twice its size. As direct lending has become the hottest business on Wall Street, Ares is finally having its moment.
A joint venture among funds managed by the Real Estate Group of Ares Management, L.P. (ARES), SMW Hospitality LLC (a joint venture between affiliates of Square Mile Capital Management LLC (“Square Mile Capital”) and Wafra Inc.), and Trinity Real Estate Investments LLC, today announced the sale of The Ritz-Carlton, Kapalua in Maui, Hawaii, to Blackstone Real Estate Partners, an affiliate of Blackstone Group (BX).
“All of our businesses are growing,” CEO Zach Lee said. “There are new people here literally every week.”
Houston-based Salt Creek Midstream LLC first connected with Noble Midstream Partners LP (NYSE: NBLX) — another Houston company and Salt Creek’s latest joint venture partner — through its private equity backer, Los Angeles-based Ares Management LP (NYSE: ARES). Salt Creek ended up pursuing Noble Midstream to partner on a project to build a pipeline from the Permian Basin's Delaware Basin — where the respective affiliates of both companies hold acreage — to an oil hub in Wink, Texas, according to Zach Lee, CEO of Salt Creek.