Leon Cooperman Makes Another Reduction to KKR Financial Stake

Today, Omega Advisors' Leon Cooperman has reported a 3.56 percent reduction to his stake in KKR Financial Corp. ( KFN ), according to GuruFocus Real Time Picks .

Over the years, Cooperman has fortified his position with increases up until the second quarter of 2012, when the stock's market value was well on its way to its 52-week high. In 2012, the stock generously returned 23.29 percent. Cooperman, who had been adding to his stock continuously, reduced for the first time last September shedding 1.3 million shares, and again in the third quarter shedding about 221,000 shares.

With a market cap of $1.94 billion, KKR Financial is a specialty finance company that seeks to leverage the proprietary resources of its manager, KKR Financial Advisors. The company's majority-owned subsidiaries finance and invest in financial assets, including below-investment-grade corporate debt, equity securities and private equity, according to its website.

With an annual revenue growth of 50.79, KKR is ranked 4 in Financial Strength on GuruFocus, as well as 6 in Profitability and Growth .

Up 0.83 percent, the stock is trading at $10.97.

Currently, Cooperman owns about 13.4 million shares of KKR. Since the third quarter of 2012, KKR has moved down from its 11 th top holding rank on Cooperman's portfolio, after reducing his stake more than once.

American International Group Inc. ( AIG ), SLM Corp. ( SLM ) and Sprint Nextel Corp. ( S ) remain some of his top holdings. The financial sector represents 27.5 percent of his 77-stock portfolio.

View the rest of Omega Advisors' portfolio updates here. Also view the funds' top holdings, undervalued stocks, top growth companies and high yield stocks.

Hurry and Get the GuruFocus 15% Off Premium Membership Deal!

Premium Membership is needed for full access to GuruFocus Real Time Picks. GuruFocus' long list of Premium Membership perks provides many opportunities to follow your favorite Gurus and stocks more closely. If you are not a Premium Member yet, we invite you to take advantage of our limited-time offer of 15% off our normal Premium Membership rate. Click on GuruFocus Member Discount now! About GuruFocus: tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.