Why KKR & Co. (KKR) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of KKR & Co. LP  (KKR) are up 1.48% to $25.06 after it announced acquiring a 24.9% interest in BlackGold Capital Management.

Financial terms of the transaction were not disclosed.

Meanwhile, KKR will spend also spend around $175M from its European buyout fund to acquire minority stakes in Swiss online marketplaces for cars and homes, the Wall Street Journal reports.

KKR will acquire 49% of Scout24 Schwiez AG, which operates car and real estate websites, and Omnimedia AG, an online advertising agency, from Ringier AG, the Journal said.

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Separately, TheStreet Ratings team rates KKR & CO LP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate KKR & CO LP (KKR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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