810,668 Shares in FS KKR Capital Corp. (NYSE:FSK) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 810,668 shares of the company's stock, valued at approximately $17,608,000. Generali Asset Management SPA SGR owned approximately 0.29% of FS KKR Capital 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. Van ECK Associates Corp lifted its stake in 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 valued at $139,469,000 after acquiring an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in FS KKR Capital in the 3rd quarter valued at $7,830,000. Raymond James Financial Inc. bought a new stake in FS KKR Capital in the 4th quarter valued at $6,499,000. Strategic Financial Concepts LLC increased its holdings in FS KKR Capital by 2,029.9% in the 4th 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 stake in shares of FS KKR Capital in the 4th quarter worth about $4,287,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 1.1 %

FS KKR Capital stock traded up $0.22 during trading hours on Friday, reaching $20.69. 6,615,171 shares of the company's stock traded hands, compared to its average volume of 1,366,124. 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 fifty-two week low of $18.53 and a fifty-two week high of $24.10. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 11.01 and a beta of 1.22. The firm's 50 day moving average is $22.61 and its 200-day moving average is $21.43.

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FS KKR Capital (NYSE:FSK - Get Free Report) last announced 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 firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. On average, analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.53%. FS KKR Capital's dividend payout ratio is 122.49%.

Wall Street Analyst Weigh In

FSK has been the topic of several analyst reports. B. Riley lowered shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective 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. Royal Bank of Canada increased 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. Wells Fargo & Company lowered shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $21.00 to $19.00 in a report on Monday, March 17th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.30.

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.