FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Kendall Capital Management

Kendall Capital Management boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,897 shares of the company’s stock after acquiring an additional 517 shares during the period. Kendall Capital Management’s holdings in FS KKR Capital were worth $497,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Intellectus Partners LLC lifted its position in shares of FS KKR Capital by 7.5% during the 4th quarter. Intellectus Partners LLC now owns 93,953 shares of the company’s stock worth $2,041,000 after buying an additional 6,519 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of FS KKR Capital by 21.3% during the 4th quarter. Larson Financial Group LLC now owns 123,416 shares of the company’s stock worth $2,681,000 after buying an additional 21,650 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $6,499,000. Cullen Frost Bankers Inc. lifted its position in shares of FS KKR Capital by 25.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 12,027 shares of the company’s stock worth $261,000 after buying an additional 2,427 shares during the last quarter. Finally, Disciplined Investments LLC lifted its position in shares of FS KKR Capital by 30.0% during the 4th quarter. Disciplined Investments LLC now owns 19,500 shares of the company’s stock worth $424,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FSK shares. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Keefe, Bruyette & Woods upped 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 research report on Monday, March 3rd. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.70.

FS KKR Capital Stock Up 3.0 %

Shares of FS KKR Capital stock opened at $22.94 on Monday. The company has a market cap of $6.42 billion, a P/E ratio of 12.20 and a beta of 1.22. 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 Corp. has a one year low of $18.31 and a one year high of $24.10. The firm has a fifty day moving average of $22.69 and a two-hundred day moving average of $21.37.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 12.21%. FS KKR Capital’s payout ratio is currently 122.49%.

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.