LPL Financial LLC Raises Stake in FS KKR Capital Corp. (NYSE:FSK)

LPL Financial LLC lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,583,642 shares of the company’s stock after purchasing an additional 119,593 shares during the quarter. LPL Financial LLC owned about 1.28% of FS KKR Capital worth $77,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Generali Asset Management SPA SGR acquired a new position in FS KKR Capital during the fourth quarter worth $17,608,000. Van ECK Associates Corp increased 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 buying an additional 673,420 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of FS KKR Capital during the 3rd quarter worth $7,830,000. Raymond James Financial Inc. purchased a new stake in shares of FS KKR Capital in the 4th quarter worth about $6,499,000. Finally, Strategic Financial Concepts LLC grew its stake in FS KKR Capital by 2,029.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after acquiring an additional 289,278 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.0 %

FSK stock opened at $21.27 on Thursday. The company has a 50 day moving average price of $22.58 and a two-hundred day moving average price of $21.46. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market capitalization of $5.96 billion, a P/E ratio of 11.31 and a beta of 1.22. FS KKR Capital Corp. has a one year low of $18.53 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK) 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 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 analysts’ expectations of $419.97 million. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

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 paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.17%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FSK shares. Keefe, Bruyette & Woods lifted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company cut FS KKR Capital from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $21.00 to $19.00 in a report on Monday, March 17th. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, FS KKR Capital has an average rating of “Hold” and a consensus price target of $21.30.

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.