FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Concorde Asset Management LLC

Concorde Asset Management LLC boosted its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 177.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,643 shares of the company's stock after purchasing an additional 19,603 shares during the quarter. Concorde Asset Management LLC's holdings in FS KKR Capital were worth $666,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR acquired a new position in FS KKR Capital during the fourth quarter worth approximately $17,608,000. Van ECK Associates Corp boosted its stake in FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock worth $139,469,000 after purchasing an additional 673,420 shares during the period. Raymond James Financial Inc. purchased a new position in FS KKR Capital during the 4th quarter worth $6,499,000. Strategic Financial Concepts LLC increased its stake in FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock valued at $6,593,000 after purchasing an additional 289,278 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at about $4,871,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FSK shares. JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their target price on FS KKR Capital from $21.00 to $22.00 and gave the company 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 lowered their price objective for the company from $21.00 to $19.00 in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, FS KKR Capital currently has a consensus rating of "Hold" and an average target price of $20.70.

FS KKR Capital Price Performance

NYSE:FSK traded down $0.03 during trading hours on Wednesday, hitting $19.20. The company's stock had a trading volume of 742,480 shares, compared to its average volume of 1,986,885. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week 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 business's 50-day moving average is $21.60 and its two-hundred day moving average is $21.45. The company has a market capitalization of $5.38 billion, a PE ratio of 10.21 and a beta of 0.98.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The company 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%. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

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