KKR & Co LP (NYSE:KKR) announced its head of the team investing in technology deals at the private-equity firm Adam Clammer is departing from daily responsibilities after 18 years with the firm to take a senior adviser post, as said by a person with knowledge about the issue.
A person, who refused to be identified as the news in not public, stated that The New York based KKR picked two partners in Clammer’s group, David Kerko and Herald Chen, to co-lead the technology team.
A spokeswoman Kristi Huller said in an e-mailed statement in response to a request for comment that Kerko joined KKR in 1998 and Chen has been with the company since 2007.
Shares of KKR increased 1.32% to settle at $20.77 on Friday.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. KKR Financial Holdings LLC (NYSE:KFN) rose +1.39% to settle at $10.97, Dollar General Corp. (NYSE:DG) moved up +0.19% to end at $52.49 while HCA Holdings Inc (NYSE:HCA) jumped +1.31% to finish at $41.00 on Friday.
KKR & Co. L.P. (NYSE:KKR) on May 02, 2013 increased +1.32% to the closing price of $20.77. The overall volume in the last trading session was 2.08 million shares. Its fifty two weeks range was $11.03 – $21.60. The total market capitalization remained at $5.48 billion.
KKR is ahead of its 52-week low with 103.52% and lagging behind from its 52-week high price with -2.59%. KKR’s last month’s stock price volatility remained 3.34%. In its share capital KKR has F209.15 million outstanding shares, among them 681.97 million shares have been floated in market exchange. KKR’s stock’s institutional ownership remained 80.01% while insider ownership included 0.03%.
The stock price of KKR is moving forward from its 20 days moving average with 5.01% and remote positively from 50 days moving average with 9.15%. KKR’s current quarter performance remained at 25.20%.
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