Delta Investment Management LLC Boosts Stock Position in FS KKR Capital Corp. $FSK

Delta Investment Management LLC boosted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,135 shares of the company’s stock after acquiring an additional 1,411 shares during the quarter. Delta Investment Management LLC’s holdings in FS KKR Capital were worth $480,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in FS KKR Capital during the 2nd quarter valued at $501,000. Focus Partners Advisor Solutions LLC raised its position in FS KKR Capital by 23.8% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 169,209 shares of the company’s stock valued at $3,511,000 after purchasing an additional 32,550 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in FS KKR Capital by 14.5% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 723,668 shares of the company’s stock valued at $15,016,000 after purchasing an additional 91,635 shares in the last quarter. West Michigan Advisors LLC raised its position in FS KKR Capital by 1.5% during the 2nd quarter. West Michigan Advisors LLC now owns 41,194 shares of the company’s stock valued at $884,000 after purchasing an additional 591 shares in the last quarter. Finally, Insight Advisors LLC PA raised its position in FS KKR Capital by 4.5% during the 2nd quarter. Insight Advisors LLC PA now owns 22,148 shares of the company’s stock valued at $460,000 after purchasing an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FSK shares. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research report on Saturday. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Finally, Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.75.

FS KKR Capital Price Performance

FSK opened at $15.26 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. The stock has a fifty day moving average price of $16.26 and a 200-day moving average price of $19.05.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The company had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 16.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is currently 328.21%.

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.