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Capital Management Associates and other firms increased their stakes in Ares Management, which beat Q1 EPS forecasts.
Capital Management Associates Inc. increased its stake in Ares Capital Corporation by buying 2,490 shares, totaling 12,454 shares worth $276,000.
Meanwhile, Fullcircle Wealth LLC and Davenport & Co LLC also boosted their holdings in Ares Management Corporation, with the latter reporting Q1 earnings of $1.09 EPS, surpassing analyst expectations.
Ares Management operates in the U.S., Europe, and Asia, managing investment funds in corporate credit markets.
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Capital Management Associates y otras firmas aumentaron sus participaciones en Ares Management, que superaron las previsiones de EPS del primer trimestre.