Private Portfolio Partners LLC Invests $206,000 in FS KKR Capital Corp. (NYSE:FSK)

Private Portfolio Partners LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,491 shares of the company’s stock, valued at approximately $206,000.

Other large investors have also bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of FS KKR Capital by 159.2% in the third quarter. Cerity Partners LLC now owns 31,076 shares of the company’s stock worth $613,000 after acquiring an additional 19,087 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of FS KKR Capital by 62.0% in the third quarter. Benjamin Edwards Inc. now owns 10,566 shares of the company’s stock valued at $208,000 after purchasing an additional 4,043 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of FS KKR Capital by 3.3% in the third quarter. Integrated Wealth Concepts LLC now owns 103,685 shares of the company’s stock valued at $2,046,000 after purchasing an additional 3,274 shares in the last quarter. Stifel Financial Corp raised its position in FS KKR Capital by 8.6% in the 3rd quarter. Stifel Financial Corp now owns 292,496 shares of the company’s stock worth $5,771,000 after purchasing an additional 23,101 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in FS KKR Capital by 39.2% during the 3rd quarter. XTX Topco Ltd now owns 30,263 shares of the company’s stock worth $597,000 after buying an additional 8,522 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

FS KKR Capital Stock Down 0.3 %

Shares of FS KKR Capital stock opened at $21.30 on Thursday. The company has a market capitalization of $5.97 billion, a P/E ratio of 11.33 and a beta of 1.22. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business has a 50-day moving average of $22.47 and a two-hundred day moving average of $21.51. FS KKR Capital Corp. has a 1 year low of $18.53 and a 1 year high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. As a group, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 13.15%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

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.