Townsquare Capital LLC Has $1.73 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Townsquare Capital LLC increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 5.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,828 shares of the company’s stock after purchasing an additional 3,784 shares during the quarter. Townsquare Capital LLC’s holdings in FS KKR Capital were worth $1,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its stake in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after acquiring an additional 1,554 shares during the period. FNY Investment Advisers LLC acquired a new position in FS KKR Capital during the 4th quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of FS KKR Capital in the fourth quarter worth about $69,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FSK shares. JPMorgan Chase & Co. upped their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $21.00 to $19.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods decreased their price target 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. Finally, Royal Bank of Canada boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and a consensus price target of $20.70.

FS KKR Capital Stock Performance

Shares of NYSE:FSK opened at $19.19 on Thursday. The stock has a market capitalization of $5.37 billion, a P/E ratio of 10.21 and a beta of 0.98. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The business has a 50-day moving average price of $21.52 and a two-hundred day moving average price of $21.43.

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

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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 14.59%. FS KKR Capital’s 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.