Coign Capital Advisors LLC Makes New $1.29 Million Investment in FS KKR Capital Corp. (NYSE:FSK)

Coign Capital Advisors LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 59,419 shares of the company's stock, valued at approximately $1,291,000. FS KKR Capital accounts for about 1.2% of Coign Capital Advisors LLC's portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC raised its position in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after buying an additional 675 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in FS KKR Capital by 194.5% during the fourth 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 during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 acquiring an additional 1,520 shares during the period. Finally, Roxbury Financial LLC purchased a new position in shares of FS KKR Capital in the fourth quarter valued at $69,000. Institutional investors own 36.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on FSK. Wells Fargo & Company cut shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $21.00 to $19.00 in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. One investment 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 company currently has a consensus rating of "Hold" and an average price target of $20.70.

FS KKR Capital Trading Down 0.2 %

FSK stock traded down $0.03 during mid-day trading on Wednesday, reaching $19.20. 742,480 shares of the stock traded hands, compared to its average volume of 1,986,885. 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 $5.38 billion, a PE ratio of 10.21 and a beta of 0.98. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The business has a 50-day moving average price of $21.60 and a two-hundred day moving average price of $21.45.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.58%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital's dividend payout ratio (DPR) is presently 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.