Dockside LLC Makes New $1.35 Million Investment in Ares Management Corporation $ARES

Dockside LLC acquired a new position in shares of Ares Management Corporation (NYSE:ARES) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,348 shares of the asset manager’s stock, valued at approximately $1,349,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vulcan Value Partners LLC grew its holdings in shares of Ares Management by 10.6% during the third 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 during the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Ares Management by 1,903.9% during the third 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 during the last quarter. Quilter Plc grew its holdings in shares of Ares Management by 5.6% during the fourth 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 during the last quarter. CI Investments Inc. grew its holdings in shares of Ares Management by 35,425.5% during the third 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 during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Ares Management during the third quarter worth $2,971,000. 50.03% of the stock is currently owned by institutional investors and hedge funds.

Ares Management Price Performance

Ares Management stock opened at $134.98 on Friday. The business’s 50-day simple moving average is $119.83 and its 200 day simple moving average is $134.91. The stock has a market cap of $44.52 billion, a price-to-earnings ratio of 62.78, a P/E/G ratio of 1.18 and a beta of 1.51. Ares Management Corporation has a 12-month low of $95.80 and a 12-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.

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

Ares Management Dividend Announcement

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

Wall Street Analyst Weigh In

ARES has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. JPMorgan Chase & Co. decreased their target price on Ares Management from $188.00 to $144.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Citizens Jmp decreased their target price on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen upgraded Ares Management from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, The Goldman Sachs Group decreased their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.56.

Ares Management Profile

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.