KKR & Co. L.P. (KKR) has been under a strong bear grip, hence the stock is down -1.19% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.93% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.47% in the last 1 week, and is up 3.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.24% and the 50-Day Moving Average is 0.73%.
KKR & Co. L.P. (NYSE:KKR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.57 and $12.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.85, notching a gain of 2.23% for the day. The total traded volume was 2,264,667 . The stock had closed at $12.57 on the previous day.
Institutional Investors own 60.92% of KKR & Co. L.P. shares. In a related news, The officer (General Counsel and Secretary), of Kkr & Co. L.P., Sorkin David had unloaded 22,767 shares at $23.76 per share in a transaction on August 5, 2015. The total value of transaction was $540,944. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Companys business offers a range of investment management services to its fund investors and provides capital markets services to its firm, its portfolio companies and third parties. The Company operates through three segments: Private Markets, Public Markets, Capital Markets and Other, and Client & Partner Group. Through Private Markets segment, the Company manages and sponsors a group of private equity funds and co-investment vehicles that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Company operates its combined credit and hedge funds businesses through the Public Markets segment. The Capital Markets and Other segment consist primarily of KKRs global capital markets business.