Franklin Resources Inc. Has $7.28 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Franklin Resources Inc. increased its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 14.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 360,256 shares of the company's stock after buying an additional 44,557 shares during the quarter. Franklin Resources Inc. owned 0.13% of FS KKR Capital worth $7,284,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FSK. Sfmg LLC raised its holdings in shares of FS KKR Capital by 1.7% in the third quarter. Sfmg LLC now owns 127,286 shares of the company's stock valued at $2,511,000 after purchasing an additional 2,151 shares during the last quarter. World Investment Advisors LLC grew its position in FS KKR Capital by 22.9% in the third quarter. World Investment Advisors LLC now owns 17,707 shares of the company's stock valued at $349,000 after purchasing an additional 3,297 shares in the last quarter. McIlrath & Eck LLC increased its stake 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. Barclays PLC increased its stake in FS KKR Capital by 24.8% in the 3rd quarter. Barclays PLC now owns 327,469 shares of the company's stock valued at $6,460,000 after buying an additional 65,054 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company's stock worth $119,000 after buying an additional 3,744 shares in the last quarter. Institutional investors own 36.26% of the company's stock.

FS KKR Capital Stock Performance

Shares of FSK traded up $0.17 during mid-day trading on Monday, reaching $21.46. The company's stock had a trading volume of 1,001,321 shares, compared to its average volume of 1,424,386. 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 Corp. has a 1-year low of $18.31 and a 1-year high of $22.39. The business has a 50-day simple moving average of $21.13 and a two-hundred day simple moving average of $20.31. The stock has a market cap of $6.01 billion, a P/E ratio of 11.41 and a beta of 1.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same quarter last year, the firm posted $0.80 EPS. As a group, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.70 per share. This is an increase from FS KKR Capital's previous None dividend of $0.64. The ex-dividend date was Wednesday, December 4th. This represents a dividend yield of 12.7%. FS KKR Capital's payout ratio is presently 136.17%.

Analyst Ratings Changes

FSK has been the subject of several analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Monday, November 18th. Finally, B. Riley cut FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.25.

Insider Activity at FS KKR Capital

In other news, insider Brian Gerson purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the purchase, the insider now directly owns 15,109 shares of the company's stock, valued at $333,606.72. This trade represents a 49.46 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company's stock.

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.