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Last $17.28 USD
Change Today -0.06 / -0.35%
Volume 15.1K
ARES On Other Exchanges
Symbol
Exchange
New York
As of 3:28 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

ares management lp (ARES) Snapshot

Open
$17.40
Previous Close
$17.34
Day High
$17.44
Day Low
$17.16
52 Week High
06/15/15 - $21.84
52 Week Low
08/24/15 - $15.12
Market Cap
3.7B
Average Volume 10 Days
91.4K
EPS TTM
$-2.33
Shares Outstanding
80.7M
EX-Date
08/21/15
P/E TM
--
Dividend
$1.04
Dividend Yield
5.73%
Current Stock Chart for ARES MANAGEMENT LP (ARES)

ares management lp (ARES) Related Businessweek News

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ares management lp (ARES) Details

Ares Management, L.P. 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. 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, with a focus on control or majority-control investments; 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. was founded in 1997 and is headquartered in Los Angeles, California. Ares Management GP LLC is the general partner of the company.

800 Employees
Last Reported Date: 03/20/15
Founded in 1997

ares management lp (ARES) Top Compensated Officers

Co-Founder, Chairman of Ares Management GP LL...
Total Annual Compensation: --
Co-Founder, Senior Partner, Co-Head of Direct...
Total Annual Compensation: --
Co-Founder, Senior Partner, Co-Head of Privat...
Total Annual Compensation: --
Co-Founder, Senior Partner of Ares Management...
Total Annual Compensation: --
Co-Founder, Senior Partner, Co-Head of Privat...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

ares management lp (ARES) Key Developments

Ares Management Prices $325 Million Notes Offering

Ares Management L.P. announced that it has priced its private placement to qualified institutional buyers of $325 million principal amount of 5.25% senior notes due 2025. The company intends to use the net proceeds to fund its previously announced merger transaction with Kayne Anderson Capital Advisors, L.P. and other related transactions.

Ares Management, L.P. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Ares Management, L.P. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $175,792,000 compared with $131,618,000 for the same period a year ago. Income before taxes was $252,765,000 compared with $191,489,000 for the same period a year ago. Net income was $245,378,000 compared with $186,222,000 for the same period a year ago. Net income attributable to the company was $12,086,000 or $0.15 per basic and diluted share compared with $17,842,000 for the same period a year ago. Economic net income was $112,855,000 compared with $109,320,000 for the same period a year ago. For the six months, the company reported total revenues of $357,520,000 compared with $265,246,000 for the same period a year ago. Income before taxes was $659,330,000 compared with $466,164,000 for the same period a year ago. Net income was $646,051,000 compared with $467,592,000 for the same period a year ago. Net income attributable to the company was $30,542,000 or $0.37 per basic and diluted share compared with $17,842,000 for the same period a year ago. Economic net income was $233,640,000 compared with $222,523,000 for the same period a year ago.

Ares Management, L.P. Declares Quarterly Distribution, Payable on September 8, 2015

Ares Management, L.P. declared a quarterly distribution of $0.26 per common unit to common unitholders of record at the close of business on August 25, 2015, payable on September 8, 2015.

 

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Industry Analysis

ARES

Industry Average

Valuation ARES Industry Range
Price/Earnings 29.7x
Price/Sales 2.0x
Price/Book 4.9x
Price/Cash Flow 76.9x
TEV/Sales NM Not Meaningful
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