GWN Securities Inc. bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,654 shares of the company's stock, valued at approximately $626,000.
Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings 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 valued at $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in FS KKR Capital in the third quarter valued at about $7,830,000. Raymond James Financial Inc. acquired a new stake in shares of FS KKR Capital during the fourth quarter valued at about $6,499,000. Strategic Financial Concepts LLC increased its stake 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 buying an additional 289,278 shares during the period. Finally, Rik Saylor Financial Inc. bought a new position in FS KKR Capital in the 4th quarter valued at approximately $4,287,000. Institutional investors and hedge funds own 36.26% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on FSK. Keefe, Bruyette & Woods upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. B. Riley downgraded FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective for the company. in a report on Wednesday, December 11th. Royal Bank of Canada raised their target price 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 lowered FS KKR Capital from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $21.00 to $19.00 in a research report on Monday. Finally, 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 note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $21.30.
Get Our Latest Research Report on FSK
FS KKR Capital Trading Down 0.2 %
Shares of NYSE:FSK traded down $0.05 during midday trading on Thursday, reaching $20.48. The company's stock had a trading volume of 2,959,639 shares, compared to its average volume of 1,626,411. FS KKR Capital Corp. has a fifty-two week low of $18.53 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a 50 day moving average price of $22.64 and a two-hundred day moving average price of $21.43. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 10.89 and a beta of 1.22.
FS KKR Capital (NYSE:FSK - Get Free Report) last posted 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 return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. As a group, analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.
FS KKR Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.68%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital's payout ratio is 122.49%.
FS KKR Capital Company Profile
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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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