FS KKR Capital Corp. (NYSE:FSK) Position Increased by Intellectus Partners LLC

Intellectus Partners LLC raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,653 shares of the company’s stock after purchasing an additional 3,700 shares during the period. Intellectus Partners LLC’s holdings in FS KKR Capital were worth $2,114,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of FS KKR Capital during the fourth quarter worth about $33,000. Fourth Dimension Wealth LLC bought a new position in shares of FS KKR Capital during the fourth quarter worth about $33,000. Jones Financial Companies Lllp grew its position in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after acquiring an additional 1,554 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of FS KKR Capital during the fourth quarter worth about $54,000. Finally, Roxbury Financial LLC acquired a new stake in FS KKR Capital in the fourth quarter worth about $69,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK opened at $21.07 on Friday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 11.20 and a beta of 0.98. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business’s 50-day moving average is $20.15 and its 200-day moving average is $21.43.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.64 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a yield of 12.15%. FS KKR Capital’s dividend payout ratio is currently 134.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FSK shares. Oppenheimer reduced their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Friday, May 9th. B. Riley assumed coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price target for the company. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company cut their price objective on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and a consensus target price of $19.50.

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.