Ares Management Corp (NASDAQ: ARES) Stocks To Watch

Ares Management Corp day trading at USD 35 per share, then rallying to 35.07 and closing at USD 33.93 per share. A net loss of -3.57% for the day. Long term pricing analysis shows the stock trading at 16.26% lower than it’s 52week high and -67.29% higher than the 52week low. The share volume traded for the day was 849K which was 0 times the 50 Day Average Volume.

Ares Management Corp had a market cap of 4,494,375K as of 12th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ 0.38.

Ares Management Corp is an American publicly traded, a global alternative asset manager focused on alternative strategies, including credit, private equity, and real estate activities.

Financial Results

Ares Management Corp Reports First Quarter Of Fiscal 2020.

  • GAAP net loss attributable to Ares Management Corporation was $31.0 million for the quarter ended March 31, 2020. On a basic and diluted basis, net loss attributable to Ares Management Corporation per share of Class A common stock was $0.33 for the quarter ended March 31, 2020.
  • After-tax realized income, net of Series A preferred stock dividends, was $118.8 million for the quarter ended March 31, 2020.
  • After-tax realized income per share of Class A common stock, net of Series A preferred stock dividends, was $0.45 for the quarter ended March 31, 2020.
  • Fee-related earnings were $93.1 million for the quarter ended March 31, 2020.
  • Ares declared a quarterly dividend of $0.40 per share of its Class A common stock, payable on June 30, 2020 to its Class A common stockholders of record at the close of business on June 16, 2020.
  • Ares declared a quarterly dividend of $0.4375 per share of its Series A preferred stock with a payment date of June 30, 2020 to its Series A preferred stockholders of record as of the close of business on June 15, 2020.

Ares Management Corp (12th May 2020): The Institutional Ownership as of today stood at 59.84% and the Total Value of Holdings (millions) is $ 2,764.

New Institutional Holders and other activity – As of today, the total number of shares held is 79,263,358  by 206 institutional holders.

LATEST NEWS:

12-May-2020:-  Ares Management Corp Forecasted to Post FY2021 Earnings of $2.13 Per Share (NYSE: ARES) – Modern Readers

Ares Management Corp (NYSE: ARES) – Analysts at Oppenheimer cut their FY2021 earnings estimates for Ares Management in a research report issued on Wednesday, May 6th. Oppenheimer analyst C. Kotowski now expects that the asset manager will post earnings per share of $2.13 for the year, down from their prior forecast of $2.20.

11-May-2020:-  ClariVest Asset Management LLC Purchases New Holdings in Ares Management Corp (NYSE: ARES)

ClariVest Asset Management LLC purchased a new stake in shares of Ares Management Corp (NYSE: ARES) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 45,279 shares of the asset manager’s stock, valued at approximately $1,400,000.

6-May-2020:-  Ares Management Corporation Reports First Quarter 2020 Results

GAAP net loss attributable to Ares Management Corporation was $31.0 million for the quarter ended March 31, 2020. On a basic and diluted basis, net loss attributable to Ares Management Corporation per share of Class A common stock was $0.33 for the quarter ended March 31, 2020.

 

 

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