Insider Selling: Ares Management Corp (NYSE:ARES) Insider Sells 5,166 Shares of Stock

Ares Management Corp (NYSE:ARES) insider R. Kipp Deveer sold 5,166 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $26.12, for a total transaction of $134,935.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of ARES opened at $25.89 on Wednesday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. Ares Management Corp has a 12 month low of $16.18 and a 12 month high of $26.79.

Ares Management (NYSE:ARES) last posted its earnings results on Thursday, May 2nd. The asset manager reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Ares Management had a net margin of 5.22% and a return on equity of 25.86%. The firm had revenue of $224.66 million during the quarter, compared to the consensus estimate of $228.42 million. During the same quarter last year, the firm posted $0.39 EPS. As a group, sell-side analysts anticipate that Ares Management Corp will post 1.53 earnings per share for the current fiscal year.



The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Thursday, June 13th. Ares Management’s dividend payout ratio (DPR) is currently 90.14%.

Several large investors have recently bought and sold shares of the company. Ffcm LLC raised its stake in shares of Ares Management by 50.0% in the fourth quarter. Ffcm LLC now owns 1,476 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 492 shares during the last quarter. Stelac Advisory Services LLC raised its stake in shares of Ares Management by 9.5% in the fourth quarter. Stelac Advisory Services LLC now owns 5,952 shares of the asset manager’s stock valued at $106,000 after acquiring an additional 515 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Ares Management by 2.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,400 shares of the asset manager’s stock valued at $736,000 after acquiring an additional 1,000 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Ares Management by 8.1% in the fourth quarter. Lido Advisors LLC now owns 17,772 shares of the asset manager’s stock valued at $315,000 after acquiring an additional 1,326 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Ares Management by 13.6% in the fourth quarter. Two Sigma Advisers LP now owns 11,700 shares of the asset manager’s stock valued at $208,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 60.03% of the company’s stock.

ARES has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Ares Management from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, April 16th. ValuEngine upgraded shares of Ares Management from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.00.

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About Ares Management

Ares Management Corporation 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.

Further Reading: Yield Curve

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