Investment House LLC Raises Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Investment House LLC raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,643 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Investment House LLC’s holdings in FS KKR Capital were worth $383,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Generali Asset Management SPA SGR acquired a new stake in FS KKR Capital in the 4th quarter worth about $17,608,000. Advisors Asset Management Inc. boosted its stake in shares of FS KKR Capital by 23.2% in the fourth quarter. Advisors Asset Management Inc. now owns 313,579 shares of the company’s stock worth $6,811,000 after acquiring an additional 59,013 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of FS KKR Capital by 12.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 29,141 shares of the company’s stock worth $633,000 after purchasing an additional 3,247 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in FS KKR Capital by 22.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 15,119 shares of the company’s stock valued at $328,000 after purchasing an additional 2,735 shares during the last quarter. Finally, Rockport Wealth LLC lifted its holdings in FS KKR Capital by 29.6% in the 4th quarter. Rockport Wealth LLC now owns 14,710 shares of the company’s stock valued at $313,000 after purchasing an additional 3,360 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Down 3.6 %

FSK stock opened at $20.48 on Thursday. FS KKR Capital Corp. has a one year low of $18.38 and a one year high of $24.10. The firm has a market cap of $5.74 billion, a PE ratio of 10.89 and a beta of 1.22. The firm’s 50 day moving average price is $22.64 and its 200-day moving average price is $21.43. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.67%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FSK shares. Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $21.00 to $19.00 in a research report on Monday. Keefe, Bruyette & Woods raised their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.30.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.