TrueMark Investments LLC Boosts Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

TrueMark Investments LLC lifted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 146.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 240,645 shares of the company’s stock after purchasing an additional 142,929 shares during the period. FS KKR Capital comprises 1.7% of TrueMark Investments LLC’s holdings, making the stock its 16th biggest position. TrueMark Investments LLC owned 0.09% of FS KKR Capital worth $5,227,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kendall Capital Management boosted its holdings in shares of FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock valued at $497,000 after buying an additional 517 shares in the last quarter. Endowment Wealth Management Inc. boosted its stake in FS KKR Capital by 0.6% in the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock valued at $1,977,000 after acquiring an additional 582 shares in the last quarter. Lloyd Advisory Services LLC. boosted its stake in FS KKR Capital by 6.7% in the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock valued at $232,000 after acquiring an additional 667 shares in the last quarter. McIlrath & Eck LLC grew its holdings in FS KKR Capital by 47.5% in the third 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 last quarter. Finally, Wagner Wealth Management LLC increased its position in shares of FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock worth $245,000 after purchasing an additional 679 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FSK has been the topic of several research analyst reports. Wells Fargo & Company downgraded FS KKR Capital from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods boosted their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. B. Riley lowered 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 research report on Wednesday, December 11th. Royal Bank of Canada boosted their target price on shares of 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. raised their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and an average price target of $21.30.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $21.25 on Wednesday. FS KKR Capital Corp. has a 52 week low of $18.53 and a 52 week high of $24.10. The business’s 50 day moving average price is $22.60 and its 200 day moving average price is $21.46. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market cap of $5.95 billion, a P/E ratio of 11.30 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data 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 analyst estimates of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 13.18%. FS KKR Capital’s dividend payout ratio (DPR) is presently 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.