FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 194.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,353 shares of the company’s stock after acquiring an additional 1,554 shares during the quarter. Jones Financial Companies Lllp’s holdings in FS KKR Capital were worth $51,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Transcend Capital Advisors LLC increased its holdings in FS KKR Capital by 10.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after buying an additional 128,856 shares during the last quarter. Strong Tower Advisory Services increased its holdings in FS KKR Capital by 3.5% in the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after buying an additional 36,127 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in FS KKR Capital by 5.1% in the third quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company’s stock valued at $14,913,000 after buying an additional 36,461 shares during the last quarter. Finally, Maia Wealth LLC increased its holdings in FS KKR Capital by 11.4% in the fourth quarter. Maia Wealth LLC now owns 638,109 shares of the company’s stock valued at $14,543,000 after buying an additional 65,245 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

FSK has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted 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. Wells Fargo & Company lowered FS KKR Capital from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $21.00 to $19.00 in a report on Monday. JPMorgan Chase & Co. boosted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and a consensus target price of $21.30.

FS KKR Capital Stock Down 0.3 %

NYSE:FSK opened at $21.24 on Wednesday. The firm has a market capitalization of $5.95 billion, a PE ratio of 11.30 and a beta of 1.22. The stock has a 50 day moving average of $22.66 and a 200-day moving average of $21.44. FS KKR Capital Corp. has a 52 week low of $18.33 and a 52 week high of $24.10. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $419.97 million. Analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.19%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) 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.