Jaffetilchin Investment Partners LLC Buys 9,614 Shares of FS KKR Capital Corp. (NYSE:FSK)

Jaffetilchin Investment Partners LLC grew its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 123.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,377 shares of the company’s stock after acquiring an additional 9,614 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in FS KKR Capital were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Generali Asset Management SPA SGR purchased a new position in FS KKR Capital during the fourth quarter worth about $17,608,000. Van ECK Associates Corp lifted its position in shares of FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after buying an additional 673,420 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of FS KKR Capital in the 4th quarter worth approximately $6,499,000. Strategic Financial Concepts LLC grew its holdings in shares of FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after acquiring an additional 289,278 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $4,871,000. Institutional investors own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FSK. Royal Bank of Canada boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $21.00 to $19.00 in a report on Monday, March 17th. JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.70.

FS KKR Capital Stock Up 0.1 %

Shares of NYSE FSK opened at $18.69 on Friday. The business’s fifty day moving average price is $21.76 and its 200-day moving average price is $21.46. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The stock has a market capitalization of $5.23 billion, a PE ratio of 9.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 14.98%. FS KKR Capital’s dividend payout ratio is 122.49%.

FS KKR Capital 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.