TT Capital Management LLC Invests $811,000 in FS KKR Capital Corp. (NYSE:FSK)

TT Capital Management LLC acquired a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 36,819 shares of the company's stock, valued at approximately $811,000.

A number of other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of FS KKR Capital by 11.7% in the fourth 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 during the last quarter. Commonwealth Equity Services LLC grew its position in shares of FS KKR Capital by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock valued at $94,989,000 after purchasing an additional 91,192 shares during the last quarter. LPL Financial LLC increased its stake in shares of FS KKR Capital by 3.5% in the fourth quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock worth $77,837,000 after purchasing an additional 119,593 shares during the period. Transcend Capital Advisors LLC lifted its position in shares of FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock worth $29,862,000 after purchasing an additional 128,856 shares during the last quarter. Finally, Strong Tower Advisory Services grew its holdings in FS KKR Capital by 3.5% in the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company's stock valued at $23,252,000 after buying an additional 36,127 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised 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 research note on Monday, March 3rd. JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company downgraded FS KKR Capital from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.70.

FS KKR Capital Price Performance

NYSE FSK traded up $0.41 on Thursday, hitting $19.54. 1,462,023 shares of the company were exchanged, compared to its average volume of 1,485,814. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a 50 day moving average of $21.52 and a two-hundred day moving average of $21.43. The company has a market cap of $5.47 billion, a P/E ratio of 10.39 and a beta of 0.98.

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 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 analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were paid a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.33%. FS KKR Capital's dividend payout ratio (DPR) is presently 122.49%.

FS KKR Capital Company 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.