Ares Management Corp (ARES) Shares Rise Despite Market Challenges

Ares Management Corp (NYSE: ARES)’s stock price has increased by 0.90 compared to its previous closing price of 130.80. However, the company has seen a -1.48% decrease in its stock price over the last five trading sessions. Accesswire reported 2024-04-03 that NEW YORK, NY / ACCESSWIRE / April 3, 2024 / Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that it will report earnings for the first quarter ended March 31, 2024 on Wednesday, May 1, 2024 prior to the opening of the Nasdaq Global Select Market. Ares Capital invites all interested persons to attend its webcast/conference call at 10:00 a.m.

Is It Worth Investing in Ares Management Corp (NYSE: ARES) Right Now?

The price-to-earnings ratio for Ares Management Corp (NYSE: ARES) is above average at 54.26x, Company’s 36-month beta value is 1.18.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”

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The public float for ARES is 161.42M, and currently, short sellers hold a 1.65% ratio of that floaft. The average trading volume of ARES on April 04, 2024 was 984.27K shares.

ARES’s Market Performance

ARES’s stock has seen a -1.48% decrease for the week, with a -2.87% drop in the past month and a 14.31% gain in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.08% for Ares Management Corp The simple moving average for the past 20 days is -1.16% for ARES’s stock, with a 18.38% simple moving average for the past 200 days.

Analysts’ Opinion of ARES

Many brokerage firms have already submitted their reports for ARES stocks, with Jefferies repeating the rating for ARES by listing it as a “Hold.” The predicted price for ARES in the upcoming period, according to Jefferies is $122 based on the research report published on January 09, 2024 of the current year 2024.

Wolfe Research, on the other hand, stated in their research note that they expect to see ARES reach a price target of $133. The rating they have provided for ARES stocks is “Outperform” according to the report published on October 05th, 2023.

Keefe Bruyette gave a rating of “Mkt Perform” to ARES, setting the target price at $98 in the report published on July 10th of the previous year.

ARES Trading at 0.94% from the 50-Day Moving Average

After a stumble in the market that brought ARES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.38% of loss for the given period.

Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -2.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.19% upper at present.

During the last 5 trading sessions, ARES fell by -1.48%, which changed the moving average for the period of 200-days by +38.53% in comparison to the 20-day moving average, which settled at $133.35. In addition, Ares Management Corp saw 10.98% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ARES starting from Rosenthal Bennett, who sale 53,000 shares at the price of $129.87 back on Apr 02 ’24. After this action, Rosenthal Bennett now owns 63,096 shares of Ares Management Corp, valued at $6,883,339 using the latest closing price.

KAPLAN DAVID B, the Co-Founder of Ares Management Corp, sale 50,873 shares at $129.79 during a trade that took place back on Apr 02 ’24, which means that KAPLAN DAVID B is holding 40,222 shares at $6,602,697 based on the most recent closing price.

Stock Fundamentals for ARES

Current profitability levels for the company are sitting at:

  • 0.18 for the present operating margin
  • 0.53 for the gross margin

The net margin for Ares Management Corp stands at 0.18. The total capital return value is set at 0.04. Equity return is now at value 26.32, with 1.95 for asset returns.

Based on Ares Management Corp (ARES), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 8.32. The interest coverage ratio of the stock is 1.21.

Currently, EBITDA for the company is 2.43 billion with net debt to EBITDA at 12.0. When we switch over and look at the enterprise to sales, we see a ratio of 9.66. The receivables turnover for the company is 3.2for trailing twelve months and the total asset turnover is 0.16.

Conclusion

In a nutshell, Ares Management Corp (ARES) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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