FS KKR Capital Corp. (NYSE:FSK) Shares Bought by TrueMark Investments LLC

TrueMark Investments LLC grew its position in FS KKR Capital Corp. (NYSE:FSK) by 146.3% in the fourth quarter, HoldingsChannel reports. The fund owned 240,645 shares of the company’s stock after acquiring an additional 142,929 shares during the quarter. FS KKR Capital accounts for about 1.7% of TrueMark Investments LLC’s portfolio, making the stock its 16th largest position. TrueMark Investments LLC’s holdings in FS KKR Capital were worth $5,227,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC raised its holdings in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. Jones Financial Companies Lllp increased its position in shares of FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after buying an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital during the 4th quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after buying an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new stake in FS KKR Capital in the 4th quarter valued at $69,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FSK shares. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. Royal Bank of Canada upped 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 research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. 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 report on Monday, March 3rd. Finally, Wells Fargo & Company lowered FS KKR Capital from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, FS KKR Capital has an average rating of “Hold” and an average target price of $21.30.

FS KKR Capital Price Performance

FSK stock opened at $21.25 on Wednesday. FS KKR Capital Corp. has a 1 year low of $18.53 and a 1 year high of $24.10. The firm has a market capitalization of $5.95 billion, a PE ratio of 11.30 and a beta of 1.22. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business has a 50 day simple moving average of $22.60 and a 200-day simple moving average of $21.46.

FS KKR Capital (NYSE:FSK) last posted its 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). The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 dividend yield of 13.18%. 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.