North Star Investment Management Corp. buys $3,381,345 stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : North Star Investment Management Corp. scooped up 17,531 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 Oct 12, 2016. The investment management firm now holds a total of 237,454 shares of KKR & Co. L.P. which is valued at $3,381,345.KKR & Co. L.P. makes up approximately 0.61% of North Star Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Raymond James Trust N.a. reduced its stake in KKR by selling 2,377 shares or 14.08% in the most recent quarter. The Hedge Fund company now holds 14,508 shares of KKR which is valued at $208,480. KKR & Co. L.P. makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Cutler Group Lp boosted its stake in KKR in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 4,100 shares of KKR & Co. L.P. which is valued at $58,917.Simplex Trading boosted its stake in KKR in the latest quarter, The investment management firm added 11,855 additional shares and now holds a total of 13,431 shares of KKR & Co. L.P. which is valued at $191,123. KKR & Co. L.P. makes up approx 0.02% of Simplex Trading’s portfolio.

KKR & Co. L.P. closed down -0.13 points or -0.90% at $14.24 with 23,51,959 shares getting traded on Tuesday. Post opening the session at $14.37, the shares hit an intraday low of $14.185 and an intraday high of $14.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, KKR & Co. L.P. reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.05. The company had revenue of $576.70 million for the quarter, compared to analysts expectations of $273.70 million. The company’s revenue was up 125.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 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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