Intellectus Partners LLC Grows Holdings in FS KKR Capital Corp. (NYSE:FSK)

Intellectus Partners LLC increased its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 103.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,434 shares of the company's stock after purchasing an additional 44,546 shares during the quarter. Intellectus Partners LLC's holdings in FS KKR Capital were worth $1,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSK. Van ECK Associates Corp lifted its position in shares of FS KKR Capital by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock valued at $117,886,000 after acquiring an additional 356,704 shares during the period. Commonwealth Equity Services LLC increased its stake in FS KKR Capital by 4.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company's stock valued at $84,487,000 after purchasing an additional 188,542 shares in the last quarter. LPL Financial LLC raised its holdings in FS KKR Capital by 1.8% during the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company's stock worth $66,141,000 after purchasing an additional 59,240 shares during the last quarter. International Assets Investment Management LLC boosted its position in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock worth $62,462,000 after purchasing an additional 3,012,711 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in FS KKR Capital by 21.0% during the first quarter. Kestra Advisory Services LLC now owns 1,218,960 shares of the company's stock worth $23,411,000 after purchasing an additional 211,961 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 0.2 %

Shares of NYSE:FSK traded up $0.05 during midday trading on Friday, reaching $21.16. The company's stock had a trading volume of 1,436,656 shares, compared to its average volume of 1,412,961. The business has a 50 day moving average price of $20.19 and a 200 day moving average price of $20.00. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $21.30. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 11.26 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the firm posted $0.80 EPS. Research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from FS KKR Capital's previous None dividend of $0.64. FS KKR Capital's payout ratio is 136.17%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reissued a "sector perform" rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $19.94.

FS KKR Capital Profile

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.