FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,804 shares of the company’s stock after acquiring an additional 1,074 shares during the period. Wedbush Securities Inc.’s holdings in FS KKR Capital were worth $908,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC grew its position in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after buying an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the 4th quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. increased its position in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after buying an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of FS KKR Capital in the fourth quarter worth $69,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company lowered FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $21.00 to $19.00 in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their price target 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. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Royal Bank of Canada raised 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. Finally, Keefe, Bruyette & Woods boosted their price target on 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 research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and an average target price of $21.30.

FS KKR Capital Price Performance

FSK opened at $19.44 on Monday. FS KKR Capital Corp. has a 1 year low of $18.53 and a 1 year 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 simple moving average is $22.37 and its 200 day simple moving average is $21.53. The stock has a market capitalization of $5.44 billion, a PE ratio of 10.34 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data 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). The company had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. As a group, sell-side analysts expect 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 was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.41%. FS KKR Capital’s dividend payout ratio (DPR) is 122.49%.

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.