514,112 Shares in FS KKR Capital Corp. (NYSE:FSK) Purchased by Transce3nd LLC

Transce3nd LLC acquired a new position in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 514,112 shares of the company’s stock, valued at approximately $11,173,000. FS KKR Capital comprises about 3.8% of Transce3nd LLC’s investment portfolio, making the stock its 6th largest holding. Transce3nd LLC owned approximately 0.18% of FS KKR Capital as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Generali Asset Management SPA SGR purchased a new position in FS KKR Capital in the 4th quarter worth about $17,608,000. Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $6,499,000. Strategic Financial Concepts LLC boosted its holdings in shares of FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after purchasing an additional 289,278 shares during the period. Finally, Bessemer Group Inc. purchased a new position in FS KKR Capital during the 4th quarter worth $4,871,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FSK shares. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $21.00 to $19.00 in a research report on Monday, March 17th. Royal Bank of Canada upped 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 report on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price objective 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and a consensus target price of $20.70.

FS KKR Capital Stock Performance

FSK opened at $19.54 on Friday. The firm’s 50-day moving average price is $21.37 and its 200-day moving average price is $21.44. The company has a market cap of $5.47 billion, a P/E ratio of 10.39 and a beta of 0.98. 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 Corp. has a 52-week low of $17.42 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 14.33%. FS KKR Capital’s dividend payout ratio is currently 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.