Ares Management Corporation Stock Price, News & Analysis

Ares Management Corporation (NYSE: ARES) has announced that its CEO and President, Michael Arougheti, will present at the BofA Securities Financial Services Conference on February 16, 2023, at 9:40 am ET. Investors can listen to the live audio webcast on the company's website. A replay will be available after the event. As of December 31, 2022, Ares has approximately $352 billion in assets under management and operates globally with over 2,500 employees. The company provides diverse investment solutions in credit, private equity, real estate, and infrastructure.

Ares Capital Corporation (NASDAQ:ARCC) announces that CEO Kipp deVeer will present at the BofA Securities 2023 Financial Services Conference on February 15, 2023, at 3:20 pm ET. A live audio webcast will be available on the company's website, with a replay accessible afterward.

Founded in 2004, Ares Capital specializes in providing direct loans and investments to middle-market companies in the U.S., aiming to drive economic growth. As the largest publicly traded business development company by market capitalization as of December 31, 2022, Ares Capital focuses on senior secured loans and equity investments, managed by Ares Management Corporation.

Ares Management Corporation (NYSE: ARES) announced that CFO Jarrod Phillips will present at the Credit Suisse 24^th Annual Financial Services Forum on February 14, 2022, at 12:45 PM ET. A live audio webcast will be available on the Company’s website, with a replay accessible shortly after the event. As of December 31, 2022, Ares managed approximately $352 billion in assets across various investment solutions, employing over 2,550 personnel globally across North America, Europe, Asia Pacific, and the Middle East.

Ares Management Corporation (NYSE: ARES) reported substantial growth in direct lending commitments, closing approximately $8.3 billion in Q4 2022 and $26.4 billion for the year ending December 31, 2022. Over 50 transactions were completed in the fourth quarter alone. Key transactions included facilitating credit facilities for notable acquisitions such as Avalara by Vista Equity Partners and Zendesk by Permira Advisors and Hellman & Friedman. As of December 31, 2022, Ares managed about $352 billion in assets globally, showcasing a robust investment landscape amidst diverse market cycles.

Ares Management Corporation (NYSE: ARES) reported its financial results for Q4 and full year 2022, showing strong growth across key metrics despite market volatility. GAAP net income was $117.5 million for Q4 and $167.5 million for the year, with earnings per share at $0.64 and $0.87, respectively. After-tax realized income reached $388.7 million in Q4 and $1,061.7 million for the year, representing 30% year-over-year growth. The company raised $57 billion in new capital and maintains $85 billion available for investment. A quarterly dividend of $0.77 per share was declared, payable March 31, 2023.

Ares Capital Corporation (NASDAQ: ARCC) has declared a first quarter 2023 dividend of $0.48 per share, payable on March 31, 2023. For the fourth quarter of 2022, Ares reported a core EPS of $0.63 and GAAP net income per share of $0.34, down from $0.83 in Q4-21. The company's total assets grew to $22.4 billion, with a portfolio at fair value of $21.8 billion. Ares Capital made new investment commitments of $2.5 billion in Q4-22, focusing 61% on first lien senior secured loans. The firm ended the year with $303 million in cash and a debt/equity ratio of 1.29, indicating stable financial health.

Ares Capital Corporation (NASDAQ:ARCC) has announced the tax treatment of its 2022 common stock distributions. The record date for the distributions was March 15, 2022, with a payable date of March 31, 2022. A total of $1.8700 was paid per share, with ordinary income of $1.73809 and interest-related dividends at $0.05824. On June 15, September 15, and December 15, 2022, further distributions were announced, with totals of $0.4500, $0.4600, and $0.5100 per share, respectively. Notably, 100% of the dividends paid per share qualify as ordinary income, with no capital gain dividends. Investors are advised to consult tax professionals regarding specifics.

CION Investments and Ares Management Corporation have announced the CION Ares Diversified Credit Fund (CADC) has achieved a significant six-year milestone since its inception on January 26, 2017. As of December 31, 2022, CADC managed approximately $3.6 billion in assets, boasting a notable annualized distribution rate increase of over 26%, from $1.39 to $1.76 per share in 2022. CION Co-CEO Michael Reisner emphasized their commitment to providing individual investors with access to institutional-quality credit alternatives. The Fund employs a dynamic asset allocation approach to maximize risk-adjusted returns across market cycles.

Ares Capital Corporation (NASDAQ: ARCC) appointed Jana Markowicz as its Chief Operating Officer (COO). This position is newly created, and she will also serve as COO for Ares Management's U.S. Direct Lending strategy. Markowicz has been with Ares since 2005 and has played a significant role in the growth of its Direct Lending strategy. Kipp deVeer, CEO of Ares Capital, expressed confidence that her leadership will enhance their market position and long-term value for shareholders. Ares Capital is a leading specialty finance company focused on private middle market companies in the U.S.