PCG Asset Management LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,537 shares of the company's stock, valued at approximately $316,000.
A number of other hedge funds have also recently made changes to their positions in FSK. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after buying an additional 675 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital during the fourth quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of FS KKR Capital in the 4th quarter worth about $69,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in FS KKR Capital by 164.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company's stock worth $119,000 after purchasing an additional 3,744 shares in the last quarter. 36.26% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company's stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price 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. Wells Fargo & Company restated an "equal weight" rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Keefe, Bruyette & Woods increased their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday. Royal Bank of Canada boosted their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, B. Riley cut FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $21.70.
Check Out Our Latest Report on FSK
FS KKR Capital Stock Performance
Shares of FSK stock traded down $0.13 on Wednesday, reaching $22.66. The stock had a trading volume of 1,479,195 shares, compared to its average volume of 1,360,267. The stock has a market cap of $6.35 billion, a P/E ratio of 12.05 and a beta of 1.22. 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 Corp. has a 1 year low of $18.31 and a 1 year high of $24.10. The company has a 50 day simple moving average of $22.64 and a 200 day simple moving average of $21.30.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly 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 net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.
FS KKR Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.70 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 12.36%. FS KKR Capital's payout ratio is presently 122.49%.
About FS KKR Capital
(
Free Report)
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.
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