Today, the Partner, CFO & COO of Ares Management (NYSE: ARES), Michael McFerran, bought shares of ARES for $159K.
Following Michael McFerran’s last ARES Buy transaction on December 16, 2015, the stock climbed by 10.8%. This recent transaction increases Michael McFerran’s holding in the company by 2.11% to a total of $7.93 million.
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ARES’s market cap is $2.15B and the company has a P/E ratio of 29.13. Currently, Ares Management has an average volume of 726.4K.
Eight different firms, including Merrill Lynch and Credit Suisse, currently also have a Buy rating on the stock. Starting in April 2018, ARES received 5 Buy ratings in a row.
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Ares Management LP is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group.
