Rockport Wealth LLC Acquires 3,360 Shares of FS KKR Capital Corp. (NYSE:FSK)

Rockport Wealth LLC increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 29.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,710 shares of the company’s stock after acquiring an additional 3,360 shares during the quarter. Rockport Wealth LLC’s holdings in FS KKR Capital were worth $313,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in FS KKR Capital by 11.7% in the 4th 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 during the period. Commonwealth Equity Services LLC grew its holdings in shares of FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock valued at $94,989,000 after purchasing an additional 91,192 shares during the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after purchasing an additional 128,856 shares during the last quarter. Strong Tower Advisory Services grew its holdings in shares of FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after purchasing an additional 36,127 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of FS KKR Capital by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company’s stock valued at $14,913,000 after purchasing an additional 36,461 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Up 2.2 %

Shares of NYSE FSK opened at $21.44 on Monday. The company has a market capitalization of $6.00 billion, a P/E ratio of 11.40 and a beta of 1.22. FS KKR Capital Corp. has a 52-week low of $18.33 and a 52-week high of $24.10. 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 company’s 50 day moving average price is $22.68 and its 200-day moving average price is $21.43.

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). The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.06%. FS KKR Capital’s payout ratio is presently 122.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target 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. Royal Bank of Canada lifted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their target price on shares of 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 reiterated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.70.

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.