ARES - Ares Management Corporation

NYSE - NYSE Delayed Price. Currency in USD
32.87
-0.28 (-0.84%)
At close: 4:02PM EST
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Previous Close33.15
Open33.53
Bid33.00 x 1000
Ask32.95 x 900
Day's Range32.87 - 33.74
52 Week Range16.18 - 33.74
Volume509,989
Avg. Volume621,830
Market Cap7.6B
Beta (3Y Monthly)1.52
PE Ratio (TTM)37.27
EPS (TTM)0.88
Earnings DateFeb 12, 2020 - Feb 17, 2020
Forward Dividend & Yield1.28 (3.86%)
Ex-Dividend Date2019-12-16
1y Target Est34.31
  • 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.

  • Top Small Cap Stocks for December 2019
    Investopedia

    Top Small Cap Stocks for December 2019

    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. Owing to their small-sized classification, companies in industrial sectors make up a large share of the small cap universe.

  • 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.

  • GlobeNewswire

    Infrastructure and Energy Alternatives, Inc. Announces Additional Equity Commitment, Rights Offering and Partial Exchange of Series A Preferred Stock

    Entered into an Equity Commitment Agreement for the sale of 80,000 shares of Series B-3 Preferred Stock and 3,568,750 warrants to purchase common stock for a gross purchase.

  • Cboe Global (CBOE) to Report Q3 Earnings: Is a Beat in Store?
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  • Business Wire

    Ares Management Corporation To Present at Bank of America Merrill Lynch Future of Financials 2019 Conference

    Ares Management Corporation (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 2019 Conference on Tuesday, November 5, 2019 at 1:40 p.m. EST in New York City. A live audio webcast of the presentation will be available in the Investor Resources section of Ares Management’s website at www.aresmgmt.com. For those unable to listen to the live audio webcast, a replay will be available on Ares Management’s website shortly after the event.

  • Business Wire

    EPIC Crude Oil Pipeline Announces Third Open Season

    EPIC Crude Holdings, LP (“EPIC”) today announced that it is opening a third Open Season for its EPIC Crude Oil Pipeline (the “Crude Oil Pipeline”). The Open Season will commence at 8 AM CDT on October 28, 2019 and will end on December 17, 2019 at 5 PM CST. The Crude Oil Pipeline successfully closed its first Open Season on July 26, 2018 and its second Open Season on September 28, 2018.

  • Ares Management (ARES) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Ares Management (ARES) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Ares Management (ARES) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Ares Management Corporation Sells Ownership Interest in Meade Pipeline to NextEra Energy Partners

    Ares Management Corporation announced today that a fund managed by its Infrastructure and Power strategy has signed a definitive agreement to sell its 22.5 percent ownership interest in Meade Pipeline Co LLC to a subsidiary of NextEra Energy Partners, LP for approximately $286 million.

  • What Awaits Principal Financial (PFG) This Earnings Season?
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    What Awaits Principal Financial (PFG) This Earnings Season?

    Principal Financial (PFG) third-quarter earnings are likely to have benefited from expanded global distribution network and a compelling portfolio of retirement, investment and protection solutions.

  • Moody's

    Cooper's Hawk Intermediate Holding, LLC -- Moody's affirms Cooper's Hawk's first lien credit facilities at B3; PDR downgraded to Caa1-PD

    Moody's Investors Service ("Moody's") today affirmed the B3 Corporate Family Rating of Cooper's Hawk Intermediate Holding, LLC's (Cooper's Hawk), and the B3 rating of its first lien credit facilities after the downsizing of its proposed first lien term loan to $200 million from $225 million. The proposed first lien revolving credit facility will remain $35 million.

  • American City Business Journals

    Senior living facility to break ground near Mall at Wellington Green

    ZOM Senior Living and its partners obtained an $89.03 million construction loan to build a senior living facility near the Mall at Wellington Green. It will cover the first phase of the project, which will have 283 independent living, assisted living and memory care units. SunTrust Bank, PNC Bank and Comerica Bank were co-lenders in the mortgage to the developer, a partnership between Orlando-based ZOM, Liberty Senior Living, and Ares Management Corp. (NYSE: ARES).

  • ZOM Senior Living, in a venture with Liberty Senior Living and funds managed by Ares Management Corporation’s Real Estate Group, announces groundbreaking on Wellington Bay, a $180 million multi-phase mixed-use senior housing rental community
    Business Wire

    ZOM Senior Living, in a venture with Liberty Senior Living and funds managed by Ares Management Corporation’s Real Estate Group, announces groundbreaking on Wellington Bay, a $180 million multi-phase mixed-use senior housing rental community

    ZOM Senior Living, Liberty Senior Living, and funds managed by an affiliate of Ares Management Corporation (ARES), have recently closed on construction financing for the development of a 46-acre lakefront parcel, adjacent to The Mall at Wellington Green. The expansive site is in Western Palm Beach County, one of the most affluent regions in the U.S. Construction of Phase 1 is expected to begin immediately and will include 283 premier independent living, assisted living and memory care units. The centerpiece of the community is a two-story, 65,000-square-foot clubhouse and amenity building, replete with multiple dining venues, indoor and outdoor swimming pools, membership-grade spa, salon and wellness center, billiards and cards room, and a theater, to name a few.