Principal Street Partners LLC Purchases 13,992 Shares of FS KKR Capital Corp. (NYSE:FSK)

Principal Street Partners LLC lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 108.6% during the third quarter, Holdings Channel reports. The institutional investor owned 26,874 shares of the company’s stock after purchasing an additional 13,992 shares during the period. Principal Street Partners LLC’s holdings in FS KKR Capital were worth $530,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FSK. International Assets Investment Management LLC lifted its position in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in FS KKR Capital in the 2nd quarter worth approximately $19,544,000. Cetera Investment Advisers boosted its stake in FS KKR Capital by 368.3% in the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after purchasing an additional 697,453 shares during the period. Maia Wealth LLC bought a new position in FS KKR Capital in the 2nd quarter worth approximately $10,560,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in FS KKR Capital during the 3rd quarter valued at approximately $7,290,000. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FSK shares. Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and an average target price of $20.06.

FS KKR Capital Trading Down 0.4 %

NYSE:FSK traded down $0.08 during mid-day trading on Tuesday, hitting $21.93. 66,989 shares of the stock traded hands, compared to its average volume of 1,402,761. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 11.71 and a beta of 1.25. The firm’s 50 day moving average is $20.44 and its two-hundred day moving average is $20.12. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.11. 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 (NYSE:FSK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter last year, the firm posted $0.80 EPS. On average, equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is 136.17%.

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.