kkr financial holdings llc
(KFN:New York)
kkr financial holdings llc (KFN) Snapshot
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Open
$10.57
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Previous Close
$10.60
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Day High
$10.61
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Day Low
$10.50
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52 Week High
01/22/13 - $11.88
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52 Week Low
06/1/12 - $7.92
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Market Cap
2.2B
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Average Volume 10 Days
729.2K
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EPS TTM
$1.93
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Shares Outstanding
204.8M
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EX-Date
05/10/13
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P/E TM
5.5x
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Dividend
$0.84
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Dividend Yield
8.43%
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Related News
kkr financial holdings llc (KFN) Related Businessweek News
No Related Businessweek News Foundkkr financial holdings llc (KFN) Details
KKR Financial Holdings LLC, together with its subsidiaries, operates as a specialty finance company with expertise in a range of asset classes. The company’s Credit segment primarily invests in financial assets, such as below investment grade corporate debt comprising senior secured and unsecured loans, mezzanine loans, private and public equity investments, high yield bonds, and distressed and stressed debt securities; and marketable equity securities. Its corporate loans and high yield debt securities are held in collateralized loan obligation (CLO) transactions that are used as long term financing for the company's investments in corporate debt. The senior secured debt issued by the CLO transactions is owned by unaffiliated third party investors and the company owns the majority of the subordinated notes in the CLO transactions. Its Natural Resources segment owns non-operated working and overriding royalty interests in oil and natural gas properties. The Other segment includes other portfolio holdings, including commercial real estate. KKR Financial Advisors LLC serves as the manager of the company. KKR Financial Holdings LLC was founded in 2004 and is based in San Francisco, California.
kkr financial holdings llc (KFN) Key Developments
KKR Financial Holdings LLC announced that its board of directors declared a cash distribution of $0.21 per common share. The distribution is payable on May 28, 2013 to common shareholders of record as of the close of business on May 14, 2013. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues were $140.45 million against $137.93 million a year ago. Income before income taxes was $98.794 million against $83.980 million a year ago. Net income available to common shareholders was $91.598 million against $88.048 million a year ago. Diluted earnings per share were $0.46 against $0.48 a year ago. Book value per common share decreased 1% to $10.16 as of March 31, 2013 from $10.31 as of December 31, 2012. The decrease in book value per common share was primarily driven by the Company's issuance of 26.1 million shares related to the termination of conversion rights on its 7.5% convertible notes due 2017, as well as by distributions of $0.26 per share paid to common shareholders during the quarter. The company generated an 18% on return on equity.
KKR Financial Holdings LLC(NYSE:KFN.PR) added to S&P Preferred Stock Index
KKR Financial Holdings LLC, Q1 2013 Earnings Call, May 01, 2013
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| KFN:US | $10.57 USD | -0.03 |  |
| Company | Last | Change | |
| No competitor information is available for KFN. | |||
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Industry Analysis
KFN
Industry Average
| Valuation | KFN | Industry Range |
| Price/Earnings | 5.8x |
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| Price/Sales | 3.7x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 5.6x |
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| TEV/Sales | NM | Not Meaningful |
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To contact KKR FINANCIAL HOLDINGS LLC, please visit www.kkrfinancial.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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