Ascent Capital Management LLC Acquires New Position in FS KKR Capital Corp. (NYSE:FSK)

Ascent Capital Management LLC purchased a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,629 shares of the company's stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSK. OneAscent Financial Services LLC purchased a new position in shares of FS KKR Capital in the 3rd quarter valued at $245,000. Hilton Capital Management LLC raised its position in FS KKR Capital by 3.1% in the third quarter. Hilton Capital Management LLC now owns 186,181 shares of the company's stock valued at $3,673,000 after purchasing an additional 5,658 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company's stock worth $5,023,000 after purchasing an additional 39,086 shares in the last quarter. Concorde Asset Management LLC purchased a new stake in shares of FS KKR Capital in the third quarter worth about $218,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of FS KKR Capital in the third quarter valued at about $404,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased 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. B. Riley lowered shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Keefe, Bruyette & Woods lifted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Wells Fargo & Company cut shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $21.00 to $19.00 in a research report on Monday. Finally, Royal Bank of Canada lifted 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, FS KKR Capital has a consensus rating of "Hold" and an average target price of $21.30.

Remove Ads

FS KKR Capital Stock Down 0.2 %

NYSE FSK traded down $0.05 during trading hours on Thursday, reaching $20.48. 2,959,640 shares of the company traded hands, compared to its average volume of 1,346,010. The company has a 50 day moving average of $22.64 and a two-hundred day moving average of $21.43. The stock has a market capitalization of $5.73 billion, a PE ratio of 10.89 and a beta of 1.22. FS KKR Capital Corp. has a 12 month low of $18.38 and a 12 month 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.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company 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%. As a group, equities analysts expect 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.68%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital's dividend payout ratio is currently 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.