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KKR Financial Holdings: 52-Week High Recently Eclipsed (KFN)

Published on Fri, 01/11/2013 - 15:15
By Robert Cotter

KKR Financial Holdings (NYSE:KFN) traded today at a new 52-week high of $11.18. So far today approximately 757,000 shares have been exchanged, as compared to an average 30-day volume of 911,000 shares.

KKR Financial Holdings LLC is a specialty finance company that invests in multiple asset classes. The Company invests in debt securities and marketable and non-marketable equity securities. KKR Financial Holdings is externally managed by KKR Financial Advisors LLC, an affiliate of Kohlberg Kravis Roberts & Co. L.P.

In the past 52 weeks, shares of KKR Financial Holdings have traded between a low of $7.95 and a high of $11.18 and are now at $11.00, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

KKR Financial Holdings (NYSE:KFN) has potential upside of 9.1% based on a current price of $11.00 and analysts' consensus price target of $12.00. The stock should find initial support at its 50-day moving average (MA) of $10.41 and further support at its 200-day MA of $9.47.

By Robert Cotter