FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 48.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,628 shares of the company's stock after buying an additional 60,588 shares during the quarter. Waterloo Capital L.P. owned approximately 0.07% of FS KKR Capital worth $4,010,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Generali Asset Management SPA SGR purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at $17,608,000. Van ECK Associates Corp grew its position in shares of FS KKR Capital by 11.7% in the fourth 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 period. Legacy Investment Solutions LLC purchased a new stake in FS KKR Capital during the 3rd quarter worth approximately $7,830,000. Raymond James Financial Inc. purchased a new stake in shares of FS KKR Capital during the fourth quarter worth approximately $6,499,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of FS KKR Capital by 2,029.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock worth $6,593,000 after buying an additional 289,278 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Price Performance

Shares of FSK traded down $0.25 during mid-day trading on Friday, hitting $18.42. The company's stock had a trading volume of 1,619,891 shares, compared to its average volume of 1,473,802. 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 Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The firm has a market capitalization of $5.16 billion, a P/E ratio of 9.79 and a beta of 0.98. The firm has a 50-day simple moving average of $21.85 and a 200 day simple moving average of $21.46.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued 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 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. Analysts predict that FS KKR Capital Corp. will post 2.89 EPS 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. Shareholders of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 15.20%. FS KKR Capital's dividend payout ratio (DPR) is 122.49%.

Analyst Ratings Changes

Several brokerages recently weighed in on FSK. Wells Fargo & Company lowered 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. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday. Royal Bank of Canada raised their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.70.

FS KKR Capital Company 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.