Oppenheimer & Co. Inc. Buys New Shares in FS KKR Capital Corp. (NYSE:FSK)

Oppenheimer & Co. Inc. bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,026 shares of the company’s stock, valued at approximately $348,000.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of FS KKR Capital by 54.4% in the 3rd quarter. US Bancorp DE now owns 12,916 shares of the company’s stock valued at $255,000 after buying an additional 4,550 shares in the last quarter. Graypoint LLC raised its stake in shares of FS KKR Capital by 3.5% in the 3rd quarter. Graypoint LLC now owns 113,330 shares of the company’s stock valued at $2,236,000 after buying an additional 3,782 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of FS KKR Capital by 1.9% in the 3rd quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after buying an additional 991 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of FS KKR Capital by 11.0% in the 3rd quarter. Sigma Planning Corp now owns 193,681 shares of the company’s stock worth $3,821,000 after purchasing an additional 19,210 shares during the last quarter. Finally, Fountainhead AM LLC grew its holdings in shares of FS KKR Capital by 9.8% in the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after purchasing an additional 71,644 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FSK. Royal Bank of Canada upped 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 report on Monday, March 3rd. Keefe, Bruyette & Woods upped their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.70.

FS KKR Capital Stock Up 3.0 %

FSK opened at $22.94 on Friday. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $6.42 billion, a P/E ratio of 12.20 and a beta of 1.22. The stock has a fifty day moving average of $22.69 and a 200-day moving average of $21.34.

FS KKR Capital (NYSE:FSK) last posted its quarterly 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). The company 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%. On average, equities analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.21%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is presently 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.