Last $17.70 USD
Change Today +0.055 / 0.31%
Volume 82.7K
ARES On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

ares management lp (ARES) Snapshot

Open
$17.60
Previous Close
$17.65
Day High
$17.76
Day Low
$17.31
52 Week High
07/24/14 - $20.48
52 Week Low
05/13/14 - $16.68
Market Cap
3.7B
Average Volume 10 Days
43.8K
EPS TTM
--
Shares Outstanding
80.7M
EX-Date
08/21/14
P/E TM
--
Dividend
$0.72
Dividend Yield
1.02%
Current Stock Chart for ARES MANAGEMENT LP (ARES)

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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.

700 Employees
Last Reported Date: 05/5/14
Founded in 1997

ares management lp (ARES) Top Compensated Officers

Chairman of Ares Management GP LLC, Chief Exe...
Total Annual Compensation: --
Co-Founder of Ares Management GP LLC, Preside...
Total Annual Compensation: --
Co-Founder of Ares Management GP LLC, Senior ...
Total Annual Compensation: --
Co-Founder of Ares Management Gp LLC, Senior ...
Total Annual Compensation: --
Co-Founder of Ares Management GP LLC, Senior ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

ares management lp (ARES) Key Developments

Several Companies Reportedly Eyes Klöckner

Apollo Global Management, LLC (NYSE:APO) intends to acquire Klöckner Pentaplast Europe GmbH & Co. KG. Apollo is considering an offer for Klöckner, people familiar with the matter said. Apollo is among a number of parties considering bidding for Klöckner, which may fetch as much as €1.5 billion, said three people who asked not to be identified because they aren’t authorized to speak publicly. The interested companies include Ares Management, L.P. (NYSE:ARES) and Platinum Equity, LLC, the people said. Reuters added that spokesmen for Strategic Value Partners LLC, Apollo, Heiligenroth and Klöckner declined to comment while spokesmen for Ares and Platinum did not respond to telephone and e-mail requests seeking comment.

Ares Management, L.P. Presents at The RBC Capital Markets' 2014 Financial Institutions Conference, Sep-16-2014 08:00 AM

Ares Management, L.P. Presents at The RBC Capital Markets' 2014 Financial Institutions Conference, Sep-16-2014 08:00 AM. Venue: Hyatt Regency Boston, One Avenue de Lafayette, Boston, MA 02111, United States. Speakers: Carl Drake, Managing Director, Head of Public Investor Relations, Michael J. Arougheti, Co-Founder of Ares Management GP LLC, President of Ares Management GP LLC and Director of Ares Management GP LLC.

Ares Management, L.P. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Ares Management, L.P. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $131,618,000 compared with $89,302,000 for the same period a year ago. Income before taxes was $,000 compared with $,000 for the same period a year ago. Income before taxes was $191,489,000 compared with loss before taxes of $130,422,000 for the same period a year ago. Net income was $186,222,000 compared with net loss of $136,734,000 for the same period a year ago. Net income attributable to Ares Management, L.P. was $17,842,000 or $0.22 per basic and diluted share. Economic net income was $75,051,000 compared with $18,148,000 for the same period a year ago. For the six months, the company reported total revenues of $265,246,000 compared with $196,839,000 for the same period a year ago. Income before taxes was $,000 compared with $,000 for the same period a year ago. Income before taxes was $466,164,000 compared with $117,162,000 for the same period a year ago. Net income was $467,592,000 compared with $86,400,000 for the same period a year ago. Net income attributable to Ares Management, L.P. was $17,842,000 or $0.22 per basic and diluted share. Economic net income was $152,454,000 compared with $112,018,000 for the same period a year ago.

 

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Industry Analysis

ARES

Industry Average

Valuation ARES Industry Range
Price/Earnings 7.2x
Price/Sales 2.6x
Price/Book 4.8x
Price/Cash Flow 30.0x
TEV/Sales NM Not Meaningful
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