FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC boosted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,048 shares of the company’s stock after purchasing an additional 7,192 shares during the period. Perennial Investment Advisors LLC’s holdings in FS KKR Capital were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in FS KKR Capital by 159.2% in the 3rd quarter. Cerity Partners LLC now owns 31,076 shares of the company’s stock worth $613,000 after purchasing an additional 19,087 shares in the last quarter. Benjamin Edwards Inc. grew its position in FS KKR Capital by 62.0% during the third quarter. Benjamin Edwards Inc. now owns 10,566 shares of the company’s stock valued at $208,000 after buying an additional 4,043 shares during the period. Integrated Wealth Concepts LLC increased its holdings in FS KKR Capital by 3.3% in the third quarter. Integrated Wealth Concepts LLC now owns 103,685 shares of the company’s stock valued at $2,046,000 after buying an additional 3,274 shares in the last quarter. Stifel Financial Corp raised its position in shares of FS KKR Capital by 8.6% in the third quarter. Stifel Financial Corp now owns 292,496 shares of the company’s stock worth $5,771,000 after acquiring an additional 23,101 shares during the period. Finally, XTX Topco Ltd boosted its stake in shares of FS KKR Capital by 39.2% during the 3rd quarter. XTX Topco Ltd now owns 30,263 shares of the company’s stock worth $597,000 after acquiring an additional 8,522 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Trading Down 6.2 %

Shares of FSK stock opened at $19.44 on Friday. FS KKR Capital Corp. has a fifty-two week low of $18.53 and a fifty-two week high of $24.10. The firm has a market capitalization of $5.44 billion, a P/E ratio of 10.34 and a beta of 0.98. The stock’s fifty day moving average is $22.37 and its two-hundred day moving average is $21.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. Research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 14.41%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Keefe, Bruyette & Woods increased their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Royal Bank of Canada boosted 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 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 company from $21.00 to $19.00 in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. boosted 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 note on Monday, February 3rd. One 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 target price 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.