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LOS ANGELES—Ashish Bhutani, a director at Ares Management Corp (NYSE:ARES), has recently acquired 10,000 shares of the company’s Class A common stock. The purchase, made on March 11, 2025, was executed at a weighted average price of $141.33 per share, resulting in a total transaction value of approximately $1.41 million.
The acquisition increases Bhutani’s direct holdings to 22,905 shares. This includes 1,173 restricted units granted under the company’s equity incentive plan, which will vest according to the terms of the award agreement.
Ares Management Corp, based in Los Angeles, is a prominent player in the investment advice sector with a market capitalization of $44 billion. The recent transaction indicates continued confidence in the company’s growth prospects by its board members. The firm has maintained dividend payments for 12 consecutive years and boasts a solid financial health score according to InvestingPro, which offers 10+ additional insights about ARES’s valuation and growth potential in its comprehensive Pro Research Report.
In other recent news, Ares Management reported a decline in fourth-quarter earnings per share (EPS), posting $1.23 compared to the analyst consensus estimate of $1.32. This decrease was attributed to lower-than-expected net investment income and a higher corporate tax rate. Despite this, the company saw positive developments with approximately $3.8 billion in new investment commitments and an increase in portfolio investments to $26.72 billion. Additionally, Ares Management announced the closing of its Ares Capital Europe VI fund, which surpassed its target with commitments of €17.1 billion. This fund is part of a broader strategy that has raised approximately $64.5 billion across direct lending initiatives.
In another development, Ares Management provided a $275 million credit facility to ID.me, a digital identity wallet provider, and plans to make a significant equity investment in the company. This financial support is intended to bolster ID.me’s growth and enhance its identity verification services. Ares Management’s involvement with ID.me underscores its extensive experience in high-quality software and technology investments. These recent activities demonstrate Ares Management’s ongoing efforts to expand its investment portfolio and support growth in various sectors.
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