Waterloo Capital L.P. Grows Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Waterloo Capital L.P. boosted its position in FS KKR Capital Corp. (NYSE:FSK) by 48.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,628 shares of the company’s stock after buying an additional 60,588 shares during the period. Waterloo Capital L.P.’s holdings in FS KKR Capital were worth $4,010,000 as of its most recent SEC filing.

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

FS KKR Capital Trading Down 6.2 %

NYSE:FSK opened at $19.44 on Friday. The company has a market capitalization of $5.44 billion, a PE ratio of 10.34 and a beta of 0.98. FS KKR Capital Corp. has a 52-week low of $18.53 and a 52-week high of $24.10. The stock has a fifty day simple moving average of $22.37 and a 200-day simple moving average of $21.52. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 14.41%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital’s payout ratio is 122.49%.

Analysts Set New Price Targets

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

FS KKR Capital Company 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.