Waterloo Capital L.P. Raises Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Waterloo Capital L.P. grew its holdings in FS KKR Capital Corp. (NYSE:FSK) by 48.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 184,628 shares of the company’s stock after purchasing an additional 60,588 shares during the quarter. Waterloo Capital L.P. owned 0.07% of FS KKR Capital worth $4,010,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FSK. Kendall Capital Management boosted its position in FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock valued at $497,000 after buying an additional 517 shares during the period. Endowment Wealth Management Inc. boosted its holdings in FS KKR Capital by 0.6% in the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock valued at $1,977,000 after purchasing an additional 582 shares during the period. Lloyd Advisory Services LLC. grew its stake in FS KKR Capital by 6.7% during the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock worth $232,000 after purchasing an additional 667 shares in the last quarter. McIlrath & Eck LLC increased its holdings in FS KKR Capital by 47.5% during 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. Finally, Wagner Wealth Management LLC increased its holdings in FS KKR Capital by 6.4% during the 4th quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock worth $245,000 after purchasing an additional 679 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FSK shares. Royal Bank of Canada increased their price objective 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. JPMorgan Chase & Co. increased their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company downgraded FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $21.00 to $19.00 in a report on Monday, March 17th. 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 report on Monday, March 3rd. Finally, B. Riley cut 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. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.30.

FS KKR Capital Stock Down 6.2 %

FS KKR Capital stock opened at $19.44 on Friday. The company has a market capitalization of $5.44 billion, a P/E ratio of 10.34 and a beta of 0.98. 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 fifty-two week low of $18.53 and a fifty-two week high of $24.10. The stock has a 50-day simple moving average of $22.37 and a 200-day simple moving average of $21.52.

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). The firm had revenue of $407.00 million during the quarter, compared to analysts’ expectations 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 expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 14.41%. FS KKR Capital’s dividend payout ratio is presently 122.49%.

FS KKR Capital Company Profile

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.