Intellectus Partners LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Intellectus Partners LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,383 shares of the company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Center for Financial Planning Inc. boosted its position in FS KKR Capital by 147.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock valued at $39,000 after buying an additional 1,179 shares during the period. Planned Solutions Inc. purchased a new stake in FS KKR Capital during the 4th quarter worth about $40,000. Provence Wealth Management Group acquired a new stake in FS KKR Capital in the 3rd quarter valued at about $45,000. Citigroup Inc. boosted its stake in shares of FS KKR Capital by 587.2% in the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock valued at $49,000 after buying an additional 2,114 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings in FS KKR Capital by 20.8% in the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock valued at $66,000 after acquiring an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Down 0.6 %

FSK stock opened at $19.22 on Tuesday. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 7.72 and a beta of 1.25. The company has a fifty day moving average price of $19.09 and a 200 day moving average price of $19.67. 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 Corp. has a 12 month low of $17.50 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.81 earnings per share. Sell-side analysts expect that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were paid a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 annualized dividend and a dividend yield of 13.32%. FS KKR Capital’s dividend payout ratio (DPR) is currently 102.81%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FSK. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Truist Financial decreased their price target on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Keefe, Bruyette & Woods dropped their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. Hovde Group reaffirmed a “market perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and a consensus target price of $20.17.

Insider Activity

In related news, insider Daniel Pietrzak purchased 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $18.73 per share, with a total value of $136,729.00. Following the completion of the acquisition, the insider now directly owns 39,800 shares in the company, valued at $745,454. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.

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.