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Last $19.70 USD
Change Today +0.12 / 0.61%
Volume 9.9K
ARES On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

ares management lp (ARES) Snapshot

Open
$19.48
Previous Close
$19.58
Day High
$19.70
Day Low
$19.48
52 Week High
03/2/15 - $21.27
52 Week Low
11/7/14 - $15.30
Market Cap
4.2B
Average Volume 10 Days
25.3K
EPS TTM
$0.66
Shares Outstanding
80.7M
EX-Date
05/20/15
P/E TM
29.9x
Dividend
$1.00
Dividend Yield
4.62%
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, L.P. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Ares Management, L.P. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Economic net income for the three months ended March 31, 2015 was $82.9 million compared to $77.4 million for the three months ended March 31, 2014. The increase in economic net income was driven by an increase in fee related earnings of $16.7 million and in net performance fees of $5.0 million, partially offset by a decline in net investment income of $16.1 million. First quarter economic net income, net of income taxes, was $74.7 million, or $0.35 per unit, compared to $72.5 million, or $0.34 per unit, for the three months ended March 31, 2014. Distributable earnings were $67.3 million for the three months ended March 31, 2015 compared to $54.5 million for the three months ended March 31, 2014, as all of the groups increased fee related earnings and as net realized performance fees increased within the Tradable Credit Group. This increase was partially offset by a decline in net realized investment income within the Tradable Credit Group. For the first quarter ended March 31, 2015, distributable earnings after income taxes allocated to common unit holders were $21.0 million, or $0.26 per common unit, which was consistent with the fourth quarter of 2014. Total revenue was $181,728,000 compared to $133,628,000 a year ago. Net income attributable to the company was $18,456,000 or $0.23 per diluted share.

Ares Management, L.P. Declares Divided for the First Quarter of 2015, Payable on June 2, 2015

On May 12, 2015, Ares Management, L.P. announced the declaration of a first quarter 2015 dividend of $0.25 per common unit, payable on June 2, 2015 to common unit holders of record as of May 22, 2015.

Ares Management Mulls Acquisition

Ares Management, L.P. (NYSE:ARES) is seeking acquisitions. Michael Arougheti, Co-Founder and President of Ares Management, said in Ares Management earnings call, “our balance sheet and access to capital provide optionality for us to expand our business with accretive acquisitions like EIF and to execute on our core strategic growth objectives.”

 

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Industry Analysis

ARES

Industry Average

Valuation ARES Industry Range
Price/Earnings 100.0x
Price/Sales 2.4x
Price/Book 5.5x
Price/Cash Flow 393.4x
TEV/Sales NM Not Meaningful
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