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Shares of KKR Financial Holdings Receive a Boost, Up 1.5%

Published on Fri, 04/19/2013 - 10:31
By Mallory Stone

KKR Financial Holdings (NYSE:KFN), a company whose shares are moving quickly, is trading 1.5% higher to $10.30. The S&P is currently trading 0.4% higher to 1,548 and the Dow Jones Industrial Average is trading 0.4% lower to 14,481.

KKR Financial Holdings share prices have moved between a 52-week high of $11.93 and a 52-week low of $7.95 and are now trading 30% above that low price at $10.30 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.5%.

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.

KKR Financial Holdings has overhead space with shares priced $10.30, or 15.9% below the average consensus analyst price target of $12.25. The stock should hit resistance at its 50-day moving average (MA) of $11.10, as well as support at its 200-day MA of $10.27.

By Mallory Stone