Intellectus Partners LLC Increases Holdings in FS KKR Capital Corp. (NYSE:FSK)

Intellectus Partners LLC grew its stake in FS KKR Capital Corp. (NYSE:FSK) by 103.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,434 shares of the company’s stock after acquiring an additional 44,546 shares during the quarter. Intellectus Partners LLC’s holdings in FS KKR Capital were worth $1,758,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after purchasing an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of FS KKR Capital during the second quarter valued at approximately $19,544,000. Cetera Investment Advisers raised its holdings 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 acquiring an additional 697,453 shares during the last quarter. Maia Wealth LLC bought a new position in FS KKR Capital in the 2nd quarter valued at approximately $10,560,000. Finally, 1832 Asset Management L.P. lifted its position in FS KKR Capital by 529.7% in the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after acquiring an additional 513,239 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Trading Down 0.2 %

Shares of NYSE:FSK opened at $21.10 on Friday. The stock’s 50-day simple moving average is $20.17 and its two-hundred day simple moving average is $20.00. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $21.28. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 11.22 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $0.80 earnings per share. Analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

Wall Street Analyst Weigh In

FSK has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.94.

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.