Ares Management LP (ARES) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.14. Analysts had a consensus of $0.22. Analysts expectations of $188.20 million. During the same quarter in the previous year, the company posted $0.35 EPS.
Ares Management LP opened for trading at $14.16 and hit $14.2 on the upside on Friday, eventually ending the session at $14.15, with a gain of 0.21% or 0.03 points. The heightened volatility saw the trading volume jump to 12,520 shares. Company has a market cap of $3,016 M.
In a different news, on Dec 16, 2015, Michael R Mcferran (CFO) purchased 10,000 shares at $12.76 per share price. According to the SEC, on Dec 14, 2015, Michael D Weiner (EVP, CLO & Secretary) purchased 2,000 shares at $12.75 per share price. On Dec 4, 2015, Bennett Rosenthal (Co-Founder & Partner) purchased 8,026 shares at $14.41 per share price, according to the Form-4 filing with the securities and exchange commission.
Ares Management L.P. is a global alternative asset manager. The Company provides its investment management capabilities through various funds and products that meet the needs of a range of institutional and retail investors. The Company operates in four segments: Tradable Credit Group Direct Lending Group Private Equity Group and Real Estate Group. The Company’s Tradable Credit Group is a participant in the tradable non-investment grade corporate credit markets. The Company’s Direct Lending Group is a self-originating direct lender to the United States and European markets. The Company’s Private Equity Group manages five private equity commingled funds which focus primarily on North America and Europe and China. The Company’s Real Estate Group manages public and private equity and debt strategies.