Franklin Resources Inc. Grows Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Franklin Resources Inc. boosted its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 13.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 407,510 shares of the company's stock after buying an additional 47,254 shares during the period. Franklin Resources Inc. owned 0.15% of FS KKR Capital worth $8,851,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Kendall Capital Management lifted its holdings in FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company's stock worth $497,000 after purchasing an additional 517 shares in the last quarter. Endowment Wealth Management Inc. increased its holdings in FS KKR Capital by 0.6% in the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company's stock valued at $1,977,000 after acquiring an additional 582 shares during the last quarter. Lloyd Advisory Services LLC. boosted its holdings in shares of FS KKR Capital by 6.7% during the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company's stock valued at $232,000 after purchasing an additional 667 shares during the last quarter. McIlrath & Eck LLC increased its holdings in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock worth $41,000 after purchasing an additional 675 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its stake in FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company's stock valued at $245,000 after buying an additional 679 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock traded up $0.09 on Monday, reaching $18.81. 250,789 shares of the stock were exchanged, compared to its average volume of 1,476,759. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10. The business has a 50 day moving average price of $21.76 and a two-hundred day moving average price of $21.47. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 10.01 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its 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 business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 14.89%. FS KKR Capital's dividend payout ratio is presently 122.49%.

Analysts Set New Price Targets

FSK has been the topic of several recent analyst reports. Royal Bank of Canada increased their price target on 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 research report on Monday, March 17th. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. boosted their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.70.

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.