Private Portfolio Partners LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Private Portfolio Partners LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,491 shares of the company’s stock, valued at approximately $206,000.

Several other large investors also recently made changes to their positions in FSK. McIlrath & Eck LLC raised its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Jones Financial Companies Lllp raised 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 purchasing an additional 1,554 shares during the period. FNY Investment Advisers LLC bought a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after buying an additional 1,520 shares during the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of FS KKR Capital during the 4th quarter worth $69,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.3 %

FS KKR Capital stock opened at $21.30 on Thursday. FS KKR Capital Corp. has a 12 month low of $18.53 and a 12 month high of $24.10. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 1.22. The business has a 50 day moving average price of $22.47 and a two-hundred day moving average price of $21.51. 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, 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 return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. As a group, equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.15%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $21.00 to $19.00 in a report on Monday, March 17th. 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 research note on Monday, February 3rd. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their price target on 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. Finally, Keefe, Bruyette & Woods increased their price objective on 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. 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.30.

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.