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Ares Management Corp (NYSE:) reported a significant transaction by one of its executives. Co-founder and executive chairman Anthony P. Ressler sold a total of $12,395,617 worth of Class A common stock, according to recent filings with the Securities and Exchange Commission.
The series of trades were executed between March 20th and March 22nd at various prices. On March 20th, shares were sold at prices ranging from $131.21 to $133.64. The next day, March 21st, shares were sold at prices between $134.20 and $137.78. The last series of trades on March 22 were executed at prices between $133.77 and $136.17.
These sales were conducted pursuant to a 10b5-1 trading plan adopted on December 15, 2023. Such plans allow company insiders to schedule in advance to trade stocks when they do not possess material non-public information. , provides an aggressive defense against accusations of insider trading.
As noted in the report, Ressler's direct ownership stake was reduced to zero following the reported transaction. However, it should be noted that the wrestler still holds a significant stake in Ares indirectly through his Owners Holdings LP, through a vehicle he manages.
Investors often monitor insider transactions as they can get a management perspective on a company's current valuation and future prospects. However, such sales may be part of a personal financial plan, so they do not necessarily reflect a lack of trust in the company.
Ares Management Corp., headquartered in Los Angeles, California, is a leading global alternative investment manager with operations across credit, private equity and real estate markets.
Investment Pro Insights
Amid recent insider trading in Ares Management Corp. (NYSE:ARES), investors may be looking for deeper financial insight into the company's performance and valuation. Ares has a market capitalization of $41.45 billion, reflecting its large presence in the alternative investment management space, according to real-time data from InvestingPro. The company's P/E ratio, an important indicator of valuation, is high at 54.42, and its adjusted P/E ratio for the past 12 months as of Q4 2023 is even higher at 70.42. This high valuation is also reflected in the company's price-to-book ratio of 21.89, suggesting that its net assets are valued at a premium by the market.
However, Ares Management Corp has demonstrated solid financial health with revenue growth of 18.87% over the past 12 months as of Q4 2023, indicating that its earnings power is on a positive trajectory. is shown. Moreover, the company has maintained a gross profit margin of 42.54%, highlighting its efficiency in generating profits from revenue.
InvestingPro Tips highlights Ares' complex financial outlook. Meanwhile, the company has increased its dividend for his fourth consecutive year and maintained its dividend for 11 consecutive years, demonstrating its commitment to returning value to shareholders. On the other hand, eight analysts have revised down next year's profits, hinting at the possibility of headwinds. Nevertheless, the company is expected to make a profit this year and net income will increase. For investors looking for a more comprehensive analysis, there are an additional 14 of her InvestingPro Tips available on InvestingPro, giving you even more insight into Ares' investment potential.
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