Mangrove Partners IM LLC Invests $1.12 Million in Ares Management Corporation $ARES

Mangrove Partners IM LLC bought a new position in Ares Management Corporation (NYSE:ARES – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,921 shares of the asset manager’s stock, valued at approximately $1,119,000.

Other hedge funds also recently bought and sold shares of the company. Vulcan Value Partners LLC boosted its stake in Ares Management by 10.6% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock worth $215,785,000 after purchasing an additional 129,368 shares in the last quarter. Hudson Bay Capital Management LP boosted its stake in Ares Management by 1,903.9% in the 3rd quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock worth $9,708,000 after purchasing an additional 57,687 shares in the last quarter. Quilter Plc boosted its stake in Ares Management by 5.6% in the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock worth $113,799,000 after purchasing an additional 37,366 shares in the last quarter. CI Investments Inc. boosted its stake in Ares Management by 35,425.5% in the 3rd quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock worth $35,444,000 after purchasing an additional 221,055 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Ares Management in the 3rd quarter worth about $2,971,000. Institutional investors own 50.03% of the company’s stock.

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Ares Management Price Performance

Shares of NYSE:ARES opened at $135.24 on Wednesday. The firm’s 50 day moving average price is $121.15 and its 200-day moving average price is $134.54. Ares Management Corporation has a twelve month low of $95.80 and a twelve month high of $195.26. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $44.61 billion, a PE ratio of 62.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.51.

Ares Management (NYSE:ARES – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company earned $1.09 EPS. Equities research analysts expect that Ares Management Corporation will post 6.06 EPS for the current year.

Ares Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Ares Management’s dividend payout ratio is 251.16%.

Wall Street Analyst Weigh In

ARES has been the topic of several research analyst reports. BMO Capital Markets lowered their target price on shares of Ares Management from $140.00 to $112.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. UBS Group set a $148.00 target price on shares of Ares Management in a research note on Friday, February 20th. Barclays upped their target price on shares of Ares Management from $127.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Ares Management from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Citizens Jmp lowered their target price on shares of Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and a consensus target price of $162.56.

Check Out Our Latest Stock Report on ARES

About Ares Management

(Free Report)

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.

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