US Bancorp DE Grows Position in FS KKR Capital Corp. (NYSE:FSK)

US Bancorp DE raised its position in FS KKR Capital Corp. (NYSE:FSK) by 54.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,916 shares of the company’s stock after purchasing an additional 4,550 shares during the quarter. US Bancorp DE’s holdings in FS KKR Capital were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. Janney Montgomery Scott LLC grew its stake in shares of FS KKR Capital by 30.0% during the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after buying an additional 14,977 shares during the last quarter. Cetera Advisors LLC increased its stake in FS KKR Capital by 39.3% in the first quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock worth $8,231,000 after purchasing an additional 121,754 shares during the period. Waverly Advisors LLC bought a new stake in shares of FS KKR Capital during the first quarter worth $2,473,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of FS KKR Capital by 30.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock valued at $2,422,000 after purchasing an additional 28,889 shares during the period. Finally, Naviter Wealth LLC grew its holdings in shares of FS KKR Capital by 83.9% in the second quarter. Naviter Wealth LLC now owns 241,489 shares of the company’s stock worth $4,916,000 after purchasing an additional 110,191 shares during the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

Shares of FSK opened at $21.16 on Thursday. 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 50 day moving average price of $20.17 and a 200-day moving average price of $20.00. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $21.25. The stock has a market capitalization of $5.92 billion, a PE ratio of 11.25 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter in the prior year, the business earned $0.80 earnings per share. Equities analysts predict that FS KKR Capital Corp. will post 2.88 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FSK shares. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.94.

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.