FS KKR Capital Corp. (NYSE:FSK) Shares Bought by BluePointe Capital Management LLC

BluePointe Capital Management LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 84.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 126,731 shares of the company’s stock after acquiring an additional 58,184 shares during the period. FS KKR Capital makes up approximately 1.0% of BluePointe Capital Management LLC’s portfolio, making the stock its 26th largest position. BluePointe Capital Management LLC’s holdings in FS KKR Capital were worth $2,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. Bank of New York Mellon Corp grew its position in shares of FS KKR Capital by 75.2% in the fourth quarter. Bank of New York Mellon Corp now owns 62,189 shares of the company’s stock valued at $1,351,000 after purchasing an additional 26,703 shares during the period. Jones Financial Companies Lllp grew its position in shares of FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after purchasing an additional 1,554 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at about $6,499,000. HighTower Advisors LLC grew its position in shares of FS KKR Capital by 14.8% in the fourth quarter. HighTower Advisors LLC now owns 233,502 shares of the company’s stock valued at $5,072,000 after purchasing an additional 30,020 shares during the period. Finally, GWN Securities Inc. acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at about $626,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Price Performance

NYSE:FSK opened at $21.82 on Tuesday. The company’s 50-day moving average price is $20.92 and its 200-day moving average price is $21.33. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.09 and a quick ratio of 2.09. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 31.53% and a return on equity of 11.78%. The company had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. During the same period in the previous year, the firm earned $0.62 earnings per share. FS KKR Capital’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 11.74%. The ex-dividend date of this dividend was Wednesday, June 18th. FS KKR Capital’s dividend payout ratio (DPR) is presently 134.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FSK. B. Riley began coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Oppenheimer decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Friday, May 9th. Finally, Royal Bank Of Canada decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.50.

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.