Nomura Asset Management Co. Ltd. increased its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 414.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,932 shares of the company's stock after acquiring an additional 24,916 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in FS KKR Capital were worth $672,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. McIlrath & Eck LLC grew its holdings in shares of FS KKR Capital by 47.5% during the 3rd 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 period. Jones Financial Companies Lllp lifted its position in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after buying an additional 1,554 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in FS KKR Capital during the fourth quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock valued at $60,000 after acquiring an additional 1,520 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $69,000. Institutional investors and hedge funds own 36.26% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut 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 research report on Monday, March 17th. B. Riley lowered FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.30.
Get Our Latest Stock Analysis on FSK
FS KKR Capital Stock Down 5.1 %
Shares of NYSE FSK traded down $0.99 during mid-day trading on Monday, reaching $18.43. The company had a trading volume of 6,947,829 shares, compared to its average volume of 1,431,614. The firm has a 50 day simple moving average of $22.28 and a two-hundred day simple moving average of $21.52. The stock has a market cap of $5.16 billion, a P/E ratio of 9.80 and a beta of 0.98. FS KKR Capital Corp. has a 52-week low of $17.95 and a 52-week 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 analysts' consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. Sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.
FS KKR Capital Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 15.20%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's payout ratio is currently 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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