Davis Capital Partners buys $34,042,500 stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Davis Capital Partners scooped up 200,000 additional shares in KKR & Co. L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,250,000 shares of KKR & Co. L.P. which is valued at $34,042,500.KKR & Co. L.P. makes up approximately 4.70% of Davis Capital Partners’s portfolio.

Other Hedge Funds, Including , Covey Capital Advisors boosted its stake in KKR in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 117,532 shares of KKR & Co. L.P. which is valued at $1,654,851. KKR & Co. L.P. makes up approx 0.89% of Covey Capital Advisors’s portfolio.Private Capital Advisors reduced its stake in KKR by selling 1,200 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 74,265 shares of KKR which is valued at $1,031,541. KKR & Co. L.P. makes up approx 0.37% of Private Capital Advisors’s portfolio. Regent Investment Management sold out all of its stake in KKR during the most recent quarter. The investment firm sold 12,828 shares of KKR which is valued $174,974.

KKR & Co. L.P. opened for trading at $15.25 and hit $15.63 on the upside on Monday, eventually ending the session at $15.4, with a gain of 1.18% or 0.18 points. The heightened volatility saw the trading volume jump to 42,09,057 shares. Company has a market cap of $6,923 M.

On the company’s financial health, KKR & Co. L.P. reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.65.Analysts expectations of $ 263.31.During the same quarter in the previous year, the company posted $-0.37 EPS.

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 Company’s 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 KKR’s global capital markets business.

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