James Reed Financial Services Inc. Invests $344,000 in FS KKR Capital Corp. (NYSE:FSK)

James Reed Financial Services Inc. acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 15,828 shares of the company’s stock, valued at approximately $344,000. FS KKR Capital comprises 0.4% of James Reed Financial Services Inc.’s portfolio, making the stock its 11th largest position.

A number of other large investors have also modified their holdings of the stock. McIlrath & Eck LLC grew its stake in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after purchasing 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 fourth quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of FS KKR Capital during the fourth quarter worth $69,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSK. B. Riley downgraded shares of 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 boosted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average target price of $21.70.

Insider Activity

In other news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the acquisition, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders acquired 6,500 shares of company stock valued at $138,510. Insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

NYSE FSK opened at $23.13 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $24.10. The company has a market capitalization of $6.48 billion, a PE ratio of 12.30 and a beta of 1.25. The company has a fifty day moving average of $22.61 and a two-hundred day moving average of $21.28.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 26th. The company reported $0.66 EPS 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 during the quarter, compared to analysts’ expectations of $419.97 million. As a group, analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 12.11%. FS KKR Capital’s payout ratio is 122.49%.

FS KKR Capital 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.