Norden Group LLC Takes Position in FS KKR Capital Corp. (NYSE:FSK)

Norden Group LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,510 shares of the company's stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. McIlrath & Eck LLC grew its position in 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. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. grew its position in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock worth $60,000 after purchasing an additional 1,520 shares during the period. Roxbury Financial LLC acquired a new stake in FS KKR Capital during the 4th quarter worth about $69,000. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company's stock valued at $119,000 after acquiring an additional 3,744 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company restated an "equal weight" rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. 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 research report on Monday, March 3rd. Royal Bank of Canada raised their target price 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. Finally, B. Riley cut FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $21.70.

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FS KKR Capital Price Performance

FSK stock traded up $0.68 during trading on Friday, hitting $22.94. The stock had a trading volume of 1,325,053 shares, compared to its average volume of 1,368,944. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $24.10. The stock has a market capitalization of $6.42 billion, a P/E ratio of 12.20 and a beta of 1.22. The company's 50-day moving average price is $22.69 and its two-hundred day moving average price is $21.34.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. As a group, research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 12.21%. FS KKR Capital's dividend payout ratio (DPR) is presently 122.49%.

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.