Virtu Financial LLC Makes New $395,000 Investment in FS KKR Capital Corp. (NYSE:FSK)

Virtu Financial LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,794 shares of the company’s stock, valued at approximately $395,000.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in FS KKR Capital by 951.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after purchasing an additional 3,423,145 shares during the period. Melia Wealth LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at approximately $13,520,000. MGO One Seven LLC raised its holdings in FS KKR Capital by 2,065.4% in the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after acquiring an additional 573,086 shares in the last quarter. Edge Capital Group LLC purchased a new position in FS KKR Capital in the fourth quarter worth approximately $9,982,000. Finally, Van ECK Associates Corp grew its holdings in FS KKR Capital by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock worth $103,941,000 after acquiring an additional 494,184 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Barbara Adams purchased 3,381 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was acquired at an average price of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the purchase, the director now directly owns 22,082 shares of the company’s stock, valued at $443,848.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

FS KKR Capital Stock Performance

Shares of FSK opened at $19.40 on Wednesday. The company’s 50 day simple moving average is $19.74 and its 200-day simple moving average is $19.77. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The firm has a market cap of $5.43 billion, a PE ratio of 8.08 and a beta of 1.24. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The company had revenue of $434.00 million for the quarter, compared to the consensus estimate of $429.46 million. As a group, equities analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, June 12th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 14.44%. FS KKR Capital’s dividend payout ratio is currently 106.67%.

Analysts Set New Price Targets

FSK has been the subject of several recent analyst reports. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods lowered their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. Royal Bank of Canada decreased their target price on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. B. Riley reiterated a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.28.

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.