Raymond James Financial Inc. acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 299,220 shares of the company's stock, valued at approximately $6,499,000. Raymond James Financial Inc. owned approximately 0.11% of FS KKR Capital at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in FSK. McIlrath & Eck LLC boosted its position in FS KKR Capital by 47.5% in 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after purchasing an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC bought a new position in FS KKR Capital in the 4th quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $60,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of FS KKR Capital during the fourth quarter worth $69,000. Institutional investors and hedge funds own 36.26% of the company's stock.
FS KKR Capital Trading Down 0.7 %
FSK traded down $0.16 during trading on Thursday, reaching $21.11. 1,242,167 shares of the company's stock were exchanged, compared to its average volume of 1,377,021. The company's fifty day moving average price is $22.58 and its 200-day moving average price is $21.46. The firm has a market capitalization of $5.91 billion, a PE ratio of 11.23 and a beta of 1.22. 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.
FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 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 analyst estimates of $419.97 million. As a group, equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.
FS KKR Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 13.27%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital's payout ratio is 122.49%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on FSK shares. Wells Fargo & Company cut FS KKR Capital from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $21.00 to $19.00 in a report on Monday, March 17th. JPMorgan Chase & Co. upped their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. B. Riley lowered 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. Finally, Keefe, Bruyette & Woods boosted their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, FS KKR Capital presently has an average rating of "Hold" and an average target price of $21.30.
Check Out Our Latest Research Report on FS KKR Capital
FS KKR Capital Company Profile
(
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.
Further Reading
Before you consider FS KKR Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FS KKR Capital wasn't on the list.
While FS KKR Capital currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
