According to Zacks, “Ares Management, L.P. is a global alternative asset manager. It manages four investment groups that invest in the tradable credit, direct lending, and private equity and real estate markets. The company’s Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company’s Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. Ares Management, L.P. is headquartered in Los Angeles. “
A number of other equities analysts have also recently weighed in on the company. ValuEngine upgraded Ares Management from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Goldman Sachs Group upgraded Ares Management from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, January 4th. Finally, TheStreet cut Ares Management from a “b-” rating to a “c” rating in a report on Friday, December 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $24.83.
Shares of ARES traded up $0.06 during midday trading on Monday, reaching $23.82. The company had a trading volume of 424,059 shares, compared to its average volume of 648,416. Ares Management has a 1-year low of $16.18 and a 1-year high of $24.44. The company has a market capitalization of $2.45 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.61. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.63.
Ares Management (NYSE:ARES) last issued its earnings results on Thursday, February 14th. The asset manager reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.10. Ares Management had a return on equity of 28.58% and a net margin of 5.95%. The business had revenue of $247.40 million during the quarter, compared to the consensus estimate of $241.59 million. During the same period last year, the company earned $0.48 EPS. The company’s revenue for the quarter was down 34.0% on a year-over-year basis. As a group, equities analysts anticipate that Ares Management will post 1.57 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in ARES. Ffcm LLC boosted its holdings in Ares Management by 50.0% during the 4th quarter. Ffcm LLC now owns 1,476 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 492 shares during the period. Pearl River Capital LLC purchased a new position in Ares Management during the 4th quarter valued at about $40,000. Cordasco Financial Network purchased a new position in Ares Management during the 1st quarter valued at about $70,000. Kwmg LLC purchased a new position in Ares Management during the 4th quarter valued at about $75,000. Finally, Stelac Advisory Services LLC boosted its holdings in Ares Management by 9.5% during the 4th quarter. Stelac Advisory Services LLC now owns 5,952 shares of the asset manager’s stock valued at $106,000 after acquiring an additional 515 shares during the period. Institutional investors own 59.49% of the company’s stock.
Ares Management Company Profile
Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.
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