LPL Financial LLC Increases Stock Position in FS KKR Capital Corp. (NYSE:FSK)

LPL Financial LLC increased its position in FS KKR Capital Corp. (NYSE:FSK) by 3.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,583,642 shares of the company’s stock after buying an additional 119,593 shares during the period. LPL Financial LLC’s holdings in FS KKR Capital were worth $77,837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSK. Generali Asset Management SPA SGR purchased a new position in shares of FS KKR Capital in the 4th quarter worth about $17,608,000. Van ECK Associates Corp increased its position in FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in FS KKR Capital in the third quarter valued at approximately $7,830,000. Raymond James Financial Inc. acquired a new position in FS KKR Capital during the fourth quarter valued at approximately $6,499,000. Finally, Strategic Financial Concepts LLC grew its stake in FS KKR Capital by 2,029.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after buying an additional 289,278 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FSK. 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 note on Monday, March 17th. JPMorgan Chase & Co. raised their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.30.

FS KKR Capital Stock Up 0.0 %

Shares of NYSE FSK opened at $21.27 on Thursday. 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 1 year low of $18.53 and a 1 year high of $24.10. The stock’s 50-day simple moving average is $22.58 and its 200-day simple moving average is $21.46. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 11.31 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last issued 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 business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. As a group, equities analysts anticipate 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 will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 13.17%. FS KKR Capital’s dividend payout ratio is presently 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.