Hot Asset Managers to Watch: KKR & Co. L.P. (NYSE:KKR), Prospect Capital (NASDAQ:PSEC), Och-Ziff Capital Management C (NYSE:OZM)
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KKR & Co. L.P. (NYSE:KKR) eased gains after news that Private equity firms KKR and Bregal Fund are going to jointly invest in private school operator Cognita. In other news on Wednesday, China Mengniu Dairy Co Ltd unveiled its plan to buy 26.92 percent of the country’s largest raw milk producer, KKR-backed China Modern Dairy Holdings Ltd, in a deal valued at HK$3.18 billion ($409.78 million) to secure a long-term premium milk supply. China Mengniu revealed that it will buy an aggregate 1.296 billion shares of Modern Dairy from KKR & Co. L.P. backed Advanced Dairy SPA and CDH Investment Advisory Private Limited-backed Crystal Dairy SPA at HK$2.45 per share.
Should KKR be a Buy or Sell Now? Find Out Here
KKR & Co. L.P. (NYSE:KKR) declined -2.60% and closed at $20.60 in the last trading session, with the total traded volume of 3.25 million shares. That’s more than the average volume of 2.29 million. KKR is now trading above its 50 day moving average of 3.13% and 200 day moving average of 33.44%.
It has outstanding shares of 209.15 million with the total market cap of $681.97 billion.
Prospect Capital Corporation (NASDAQ:PSEC) declined after its Q3 results failed to meet analysts’ expectations. Adjusted EPS for the quarter fell 49.02%, to $0.26 in the quarter, versus EPS of $0.51 in the year-earlier quarter. Revenue for the period advanced 36.96%, to $120.2 million, from the year-earlier quarter. However, the mean analyst estimate was for $0.31 in earnings per share and $128.94 million in revenue.
Where is PSEC Headed Exactly? Find out in This Trend Analysis Reports
Prospect Capital Corporation (NASDAQ:PSEC) plunged -2.12%, to close at $10.88 and its overall volume in the last trading session was 5.07 million shares, beating the average volume of 2.87 million. PSEC hit the day high price of $11.02 and day low of $10.81.
The stock is trading with positive year-to-date performance of +4.11%. It has debt-to-equity ratio of 0.48. The company has total market cap of $2.65 billion.
Och-Ziff Capital Management Group LLC (NYSE:OZM) ended lower on Tuesday after its Annual Shareholder Meeting.
Och-Ziff Capital Management Group LLC(NYSE:OZM) fell -2.10% and closed at $11.18 with the total traded volume of 1.86 million shares. Its opening price was $11.40 and its shares traded within the range of $11.17-$11.47.
Can OZM Show a Strong Recovery? Find out in This Research Report
This company has earnings per share of -$1.42 with the net profit margin of -8.08% and operating margin of -15.36%. The company now has market cap of about $4.89 billion.
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