Alta Fox Capital Management LLC Makes New Investment in Ares Management Corporation $ARES

Alta Fox Capital Management LLC bought a new stake in shares of Ares Management Corporation (NYSE:ARES) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 100,600 shares of the asset manager’s stock, valued at approximately $16,260,000. Ares Management makes up about 3.5% of Alta Fox Capital Management LLC’s investment portfolio, making the stock its 10th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Vulcan Value Partners LLC increased its holdings in shares of Ares Management by 10.6% during the 3rd quarter. Vulcan Value Partners LLC now owns 1,350,249 shares of the asset manager’s stock valued at $215,785,000 after purchasing an additional 129,368 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of Ares Management by 1,903.9% during the 3rd quarter. Hudson Bay Capital Management LP now owns 60,717 shares of the asset manager’s stock valued at $9,708,000 after purchasing an additional 57,687 shares in the last quarter. Quilter Plc increased its holdings in shares of Ares Management by 5.6% during the 4th quarter. Quilter Plc now owns 704,069 shares of the asset manager’s stock valued at $113,799,000 after purchasing an additional 37,366 shares in the last quarter. CI Investments Inc. increased its holdings in shares of Ares Management by 35,425.5% during the 3rd quarter. CI Investments Inc. now owns 221,679 shares of the asset manager’s stock valued at $35,444,000 after purchasing an additional 221,055 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Ares Management during the 3rd quarter valued at approximately $2,971,000. 50.03% of the stock is owned by hedge funds and other institutional investors.

Ares Management Trading Up 1.6%

Shares of ARES opened at $134.98 on Friday. Ares Management Corporation has a 52-week low of $95.80 and a 52-week 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 firm’s fifty day moving average is $119.83 and its two-hundred day moving average is $134.91. The stock has a market cap of $44.52 billion, a PE ratio of 62.78, a price-to-earnings-growth ratio of 1.18 and a beta of 1.51.

Ares Management (NYSE:ARES) last announced its 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 return on equity of 22.14% and a net margin of 10.54%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned $1.09 EPS. Research analysts forecast that Ares Management Corporation will post 6.06 earnings per share for the current fiscal year.

Ares Management Dividend Announcement

The firm 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 dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Ares Management’s payout ratio is 251.16%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARES. TD Cowen cut their target price on shares of Ares Management from $148.00 to $144.00 and set a “buy” rating for the company in a report on Monday, May 18th. Morgan Stanley cut their target price on shares of Ares Management from $178.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. UBS Group set a $148.00 target price on shares of Ares Management in a report on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ares Management in a report on Wednesday, April 29th. Finally, Citizens Jmp dropped their price target 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 issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.56.

About Ares Management

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.