Sharpepoint LLC Acquires Shares of 31,163 FS KKR Capital Corp. (NYSE:FSK)

Sharpepoint LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,163 shares of the company's stock, valued at approximately $677,000.

A number of other large investors also recently made changes to their positions in the business. Van ECK Associates Corp lifted its stake in shares of FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock worth $94,989,000 after acquiring an additional 91,192 shares in the last quarter. LPL Financial LLC increased its holdings in shares of FS KKR Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock valued at $77,837,000 after acquiring an additional 119,593 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in FS KKR Capital by 10.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock worth $29,862,000 after purchasing an additional 128,856 shares during the last quarter. Finally, Strong Tower Advisory Services boosted its position in FS KKR Capital by 3.5% during the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company's stock worth $23,252,000 after purchasing an additional 36,127 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FSK. Keefe, Bruyette & Woods reduced their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lowered shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. Royal Bank of Canada lifted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $20.10.

FS KKR Capital Stock Performance

Shares of NYSE FSK traded up $0.15 during mid-day trading on Friday, hitting $20.19. The company had a trading volume of 387,651 shares, compared to its average volume of 1,484,983. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The firm has a market cap of $5.65 billion, a P/E ratio of 10.74 and a beta of 0.98. The business's 50-day simple moving average is $21.06 and its 200-day simple moving average is $21.42. 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 (NYSE:FSK - Get Free Report) last announced its quarterly earnings data 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 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 the consensus estimate of $419.97 million. As a group, analysts predict 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 was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 13.87%. FS KKR Capital's dividend payout ratio (DPR) is currently 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.