LPL Financial LLC Acquires 119,593 Shares of FS KKR Capital Corp. (NYSE:FSK)

LPL Financial LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,583,642 shares of the company's stock after purchasing an additional 119,593 shares during the period. LPL Financial LLC owned 1.28% of FS KKR Capital worth $77,837,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in FS KKR Capital in the fourth quarter valued at $294,000. HUB Investment Partners LLC acquired a new stake in shares of FS KKR Capital in the 4th quarter valued at about $222,000. Condor Capital Management increased its position in FS KKR Capital by 4.2% in the 4th quarter. Condor Capital Management now owns 54,558 shares of the company's stock valued at $1,185,000 after buying an additional 2,208 shares in the last quarter. Lingohr Asset Management GmbH acquired a new position in FS KKR Capital during the 4th quarter worth approximately $212,000. Finally, Investment House LLC boosted its holdings in FS KKR Capital by 9.3% in the fourth quarter. Investment House LLC now owns 17,643 shares of the company's stock worth $383,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FSK shares. Keefe, Bruyette & Woods upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Wells Fargo & Company downgraded shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $21.00 to $19.00 in a report on Monday, March 17th. 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 report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price target on shares of 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. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $21.30.

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FS KKR Capital Stock Down 0.4 %

Shares of FSK traded down $0.09 during trading hours on Friday, reaching $21.00. 1,397,173 shares of the stock traded hands, compared to its average volume of 1,390,942. FS KKR Capital Corp. has a 52 week low of $18.53 and a 52 week high of $24.10. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 11.17 and a beta of 1.22. The stock has a fifty day simple moving average of $22.54 and a 200 day simple moving average of $21.47. 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million during the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.34%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital's dividend payout ratio is 122.49%.

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.