Bessemer Group Inc. Purchases Shares of 224,274 FS KKR Capital Corp. (NYSE:FSK)

Bessemer Group Inc. purchased a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 224,274 shares of the company's stock, valued at approximately $4,871,000. Bessemer Group Inc. owned 0.08% of FS KKR Capital as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its stake in FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock worth $4,878,000 after buying an additional 104,016 shares during the last quarter. Inspire Advisors LLC lifted its stake in shares of FS KKR Capital by 28.6% in the 4th quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock valued at $2,387,000 after purchasing an additional 24,443 shares during the period. Proactive Wealth Strategies LLC lifted its holdings in shares of FS KKR Capital by 24.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock worth $1,411,000 after acquiring an additional 12,926 shares during the last quarter. Graypoint LLC lifted its stake in FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company's stock worth $3,030,000 after acquiring an additional 26,174 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock valued at $4,473,000 after acquiring an additional 27,110 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FSK has been the topic of a number of research reports. Royal Bank of Canada increased their target price 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 cut shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $21.00 to $19.00 in a report on Monday, March 17th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Keefe, Bruyette & Woods decreased their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. One research 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 a consensus rating of "Hold" and a consensus price target of $20.70.

FS KKR Capital Stock Performance

Shares of FSK stock traded up $0.44 during mid-day trading on Thursday, hitting $19.57. 599,162 shares of the stock were exchanged, compared to its average volume of 1,482,543. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month 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 stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 10.42 and a beta of 0.98. The stock's fifty day simple moving average is $21.52 and its two-hundred day simple moving average is $21.43.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations 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 forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.31%. FS KKR Capital's payout ratio is 122.49%.

About FS KKR Capital

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.