5 Best Stocks to Buy According to Highbridge Capital

3. KKR & Co. Inc. (NYSE: KKR)

 Highbridge Capital’s Stake Value: $51,023,000
Percent of Highbridge Capital’s 13F Portfolio: 2.03%
Number of Hedge Fund Holders: 56

A leading global investment firm, KKR & Co. Inc. (NYSE: KKR) is next on our list of the best stocks to buy according to Highbridge Capital. Highbridge Capital Management owns over 1 million shares of the company, worth $51.02 million, as of Q1 2021.

KKR & Co. Inc. (NYSE: KKR) has reported fee-related earnings of $364 million or $0.41 per adjusted share in Q1. The numbers are up 41% year-over-year. The reports also stated the cash dividend of $0.145 per share for the quarter. In March 2020, the KKR stock saw a low of $19 due to the losses incurred by the Covid-19 pandemic. However, the stock price has grown by over 39% year to date and currently stands at $55.3 per share.

An investment management firm, Vulcan Value Partners, published its ‘Large Cap, Small Cap, Focus Composite, Focus Plus Composite, and All Cap Composite’ Q1 2021 investor letter. Here is what the firm has to say about KKR & Co. Inc. (NYSE: KKR):

“KKR & Co. Inc. was another material contributor during the quarter. The company has deep and growing relationships with capital providers. KKR enjoys a very stable management fee stream and a proven ability to convert capital into a performance fee stream, both of which lead to a business with a stable and growing intrinsic value. In addition, the company enjoys nice tailwinds of increasing allocations to private and alternative investments. In addition to reporting solid results, KKR increased disclosure around its compensation ratio, improving transparency and making it easier to model the company’s earning power.”