Ares management’s co-founder Bennett Rosenthal sells $16.1 million in stock

Bennett Rosenthal, Co-Founder and Chairman of the Private Equity Group at Ares Management Corp (NYSE:ARES), recently executed a series of stock sales amounting to approximately $16.1 million. The transactions, which took place on March 4 and 5, involved the sale of Class A Common Stock at prices ranging from $157.03 to $165.77 per share. The stock, currently trading at high multiples with a P/E ratio of 74x and P/B of 23.7x, has seen its price decline 10% over the past week according to InvestingPro data.

Rosenthal sold a total of 73,628 shares through BAR Holdings, LLC, a vehicle controlled by him, as part of a 10b5-1 trading plan adopted in November 2024. Following these transactions, Rosenthal holds 30,191 shares of Ares Management’s Class A Common Stock directly through BAR Holdings, LLC, and retains indirect ownership of additional shares through Ares Owners Holdings L.P. Despite recent price volatility, the company maintains strong fundamentals with a GOOD financial health score and has raised its dividend for 5 consecutive years.

These sales are part of routine portfolio adjustments and provide liquidity while maintaining significant holdings in the company. Investors often monitor such insider transactions to gauge executive sentiment and potential future performance of the company. For deeper insights into insider trading patterns and comprehensive analysis, access the full InvestingPro Research Report, available for over 1,400 US stocks.

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. Despite this miss, the company saw a year-over-year increase from $0.72 per share. The firm also announced a significant milestone with the closing of its Ares Capital Europe VI fund at €17.1 billion, surpassing its initial target of €15 billion. This development reinforces Ares’ leadership in the global direct lending market. In a separate announcement, ID.me secured a $275 million credit facility from Ares Management funds, with Ares also planning a substantial equity investment in the company. Furthermore, RBC Capital Markets recently increased Ares Management’s price target from $185.00 to $205.00, maintaining an Outperform rating due to the firm’s strong market position and potential resilience in fundraising activities. The analyst highlighted Ares Management’s model for its high return on equity and lighter balance sheet approach. Additionally, Ares Management declared a first-quarter 2025 dividend of $0.48 per share, reflecting its commitment to stable or growing dividends over 15 consecutive years.

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