Truvestments Capital LLC Acquires 8,536 Shares of FS KKR Capital Corp. (NYSE:FSK)

Truvestments Capital LLC boosted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 6.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 133,283 shares of the company’s stock after purchasing an additional 8,536 shares during the quarter. Truvestments Capital LLC’s holdings in FS KKR Capital were worth $2,895,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FSK. McIlrath & Eck LLC lifted its position in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after purchasing an additional 1,554 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in FS KKR Capital in the 4th quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after buying an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in shares of FS KKR Capital during the 4th quarter valued at $69,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK opened at $21.72 on Wednesday. The firm has a 50-day simple moving average of $22.71 and a two-hundred day simple moving average of $21.40. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $24.10. The stock has a market cap of $6.08 billion, a PE ratio of 11.55 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last issued its quarterly 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). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. As a group, analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 12.89%. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on shares of 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. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Keefe, Bruyette & Woods boosted 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 report on Monday, March 3rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average price target of $21.70.

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.