Crescent Grove Advisors LLC Buys New Shares in FS KKR Capital Corp. (NYSE:FSK)

Crescent Grove Advisors LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 50,400 shares of the company’s stock, valued at approximately $1,039,000.

A number of other large investors have also added to or reduced their stakes in FSK. US Bancorp DE lifted its position in FS KKR Capital by 23.1% during the 1st quarter. US Bancorp DE now owns 7,993 shares of the company’s stock valued at $182,000 after acquiring an additional 1,500 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of FS KKR Capital by 120.5% in the first quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock valued at $161,000 after acquiring an additional 3,861 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of FS KKR Capital by 4.9% in the first quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock worth $2,181,000 after purchasing an additional 4,157 shares during the last quarter. Ergoteles LLC bought a new stake in shares of FS KKR Capital in the first quarter worth about $414,000. Finally, Symphony Financial Ltd. Co. increased its stake in FS KKR Capital by 11.9% during the first quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock worth $718,000 after acquiring an additional 3,359 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 7,300 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the acquisition, the insider now directly owns 39,800 shares of the company’s stock, valued at $745,454. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by corporate insiders.

FS KKR Capital Price Performance

FS KKR Capital stock traded down $0.01 during midday trading on Tuesday, reaching $18.81. The company had a trading volume of 278,580 shares, compared to its average volume of 1,730,113. The company has a market capitalization of $5.27 billion, a P/E ratio of 7.55 and a beta of 1.25. FS KKR Capital Corp. has a 12-month low of $17.50 and a 12-month high of $20.99. The firm’s fifty day simple moving average is $19.29 and its 200-day simple moving average is $19.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $447.00 million for the quarter, compared to analyst estimates of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same period last year, the company posted $0.81 EPS. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 13.61%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is presently 102.81%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Hovde Group reaffirmed a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Finally, Wells Fargo & Company upped their price target on FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.17.

FS KKR Capital Company 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.