Larson Financial Group LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 21.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,416 shares of the company's stock after purchasing an additional 21,650 shares during the quarter. Larson Financial Group LLC's holdings in FS KKR Capital were worth $2,681,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in FSK. US Bancorp DE grew its holdings in FS KKR Capital by 54.4% in the 3rd quarter. US Bancorp DE now owns 12,916 shares of the company's stock valued at $255,000 after buying an additional 4,550 shares during the period. Confluence Investment Management LLC boosted its position in shares of FS KKR Capital by 1.9% in the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company's stock worth $1,039,000 after acquiring an additional 991 shares during the last quarter. Sigma Planning Corp grew its holdings in FS KKR Capital by 11.0% in the third quarter. Sigma Planning Corp now owns 193,681 shares of the company's stock valued at $3,821,000 after purchasing an additional 19,210 shares during the period. Fountainhead AM LLC increased its position in FS KKR Capital by 9.8% during the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company's stock worth $15,798,000 after purchasing an additional 71,644 shares during the last quarter. Finally, First National Trust Co raised its stake in FS KKR Capital by 108.7% during the third quarter. First National Trust Co now owns 96,636 shares of the company's stock worth $1,907,000 after purchasing an additional 50,327 shares during the period. Hedge funds and other institutional investors own 36.26% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on FSK shares. B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Royal Bank of Canada boosted their price target 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. Keefe, Bruyette & Woods raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital has an average rating of "Hold" and an average target price of $21.70.
Get Our Latest Stock Analysis on FS KKR Capital
FS KKR Capital Stock Down 0.7 %
NYSE:FSK traded down $0.16 during mid-day trading on Wednesday, hitting $21.58. The company had a trading volume of 2,365,300 shares, compared to its average volume of 1,315,769. The business has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $21.40. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 11.48 and a beta of 1.22. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $24.10. 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 (NYSE:FSK - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million for 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%. Equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.
FS KKR Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 12.97%. FS KKR Capital's dividend payout ratio (DPR) is presently 122.49%.
FS KKR Capital Company Profile
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Free Report)
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.
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