|Bid||21.85 x 300|
|Ask||22.60 x 300|
|Day's Range||23.20 - 24.25|
|52 Week Range||17.25 - 25.95|
|PE Ratio (TTM)||38.79|
|Earnings Date||May 7, 2018 - May 11, 2018|
|Forward Dividend & Yield||0.37 (1.55%)|
|1y Target Est||26.78|
Private equity bosses are facing an uncomfortable choice: do they seek to benefit from US president Donald Trump’s tax cuts with a corporate rejig that would potentially boost valuations? Or do they stay ...
Shares of Ares Management ( ARES) jumped nicely Thursday after it become the first alt-asset firm to officially announce what had been highly expected -- that it would become the first alternative asset firm to convert from a publicly-traded partnership to a C-corp. Analysts at JMP Securities think it could be KKR & Co. (KKR). "Our proprietary survey work suggests investors are focused on KKR as the next most probable firm to convert structures," say JMP analysts Devin Ryan and Brian McKenna in a fresh report.
Ares Management LP said on Thursday it would convert its structure from a publicly listed partnership into a corporation, the first private equity firm to decide such a move following the enactment of U.S. tax reform. The switch will expand the potential shareholder base of Ares, because it will allow index funds that were previously restricted from owning its stock because of tax considerations to now do so. Ares' shares rose the most since it went public in 2014 following the announcement, trading up 12 percent at $25.50 in afternoon trading and giving the firm a market capitalization of $5.5 billion.
After reading Ares Management LP.’s (NYSE:ARES) most recent earnings announcement (30 September 2017), I found it useful to look back at how the company has performed in the past andRead More...
Ares Managment's conversion to a corporation could change private equity forever, evidenced by its 13% surge on Thursday.
NEW YORK, NY / ACCESSWIRE / February 15, 2018 / Ares Management LP (NYSE: ARES ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 15, 2018 at 12:00 PM Eastern ...
Ares Management LP is converting its tax status to a corporation from a partnership, becoming the first major U.S. alternative asset manager to make the switch following reforms introduced by President ...
The Los Angeles-based company said it had profit of 39 cents per share. Earnings, adjusted for non-recurring costs, came to 54 cents per share. The results surpassed Wall Street expectations. The average ...
Ares Management, L.P. today reported its financial results for its fourth quarter and year ended December 31, 2017.
California Resources Corp (NYSE: CRC ) recently announced a $750 million midstream joint venture with Development Capital Resources, owned by the private equity group Ares Management, as well as a $50 ...
Ares Management, L.P. announced today that Myles Gilbert, former Managing Director at Cambridge Associates LLC and Co-Chairman of its Credit Investment Committee, has joined the firm as Partner, Head of Investor Strategy & Solutions.
Development Capital Resources, a portfolio company of Ares Management LP, invested $750 million in a joint venture between the firm and California Resources Corp., a publicly traded oil and natural-gas ...
Development Capital Resources, LLC today announced a $750 million joint venture formed to operate certain of California Resources Corporation’s existing midstream infrastructure assets.
California Resources Corporation announced today that it entered into a midstream joint venture with a portfolio company of the Private Equity Group of Ares Management, L.P.
TAMPA, Fla., Feb. 6, 2018 /PRNewswire/ -- Valet Living, pioneer of the doorstep collection amenity and innovator in turn services, maintenance support and pet solutions, announces the recent acquisition of Ohio-based multifamily solution, V.I.P. Waste Services. The mission, values, and culture of Valet Living are very similar to that of V.I.P. Waste Services. Valet Living has built a successful business that serves more than one million apartment homes every night across more than 35 states, and now the V.I.P. Waste Services team will join forces with the Valet Living team to operate as one. The strategic acquisition further increases Valet Living's presence in the Midwest market and extends its mission to enhance property value by setting the standard in residential services nationwide.
SCHAUMBURG, Ill. , Feb. 2, 2018 /PRNewswire/ -- Convergint Technologies , a worldwide leader in service-based systems integration, today announced its new financial partnership with a fund managed by ...