MGO One Seven LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK – Free Report) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 502,817 shares of the company’s stock after purchasing an additional 19,336 shares during the quarter. MGO One Seven LLC’s holdings in FS KKR Capital were worth $10,433,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in FSK. Kingswood Wealth Advisors LLC boosted its holdings in FS KKR Capital by 250.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company’s stock valued at $16,831,000 after acquiring an additional 563,432 shares during the last quarter. SCS Capital Management LLC acquired a new position in FS KKR Capital in the first quarter valued at $10,822,000. Wellington Management Group LLP acquired a new position in FS KKR Capital in the first quarter valued at $9,218,000. Cubist Systematic Strategies LLC acquired a new position in FS KKR Capital in the first quarter valued at $8,342,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in FS KKR Capital in the first quarter valued at $6,383,000. Institutional investors and hedge funds own 36.26% of the company’s stock.
FS KKR Capital Trading Down 1.5%
Shares of FSK opened at $14.16 on Monday. The stock’s 50-day moving average is $16.96 and its two-hundred day moving average is $19.39. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40.
FS KKR Capital Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 18.1%. The ex-dividend date is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is 328.21%.
Analysts Set New Price Targets
FSK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.75.
Get Our Latest Research Report on FSK
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.
Recommended Stories
- Five stocks we like better than FS KKR Capital
- Insider Buying Explained: What Investors Need to Know
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- 3 Healthcare Dividend Stocks to Buy
- Could Target’s Week of Discounts Come Full Circle for Investors?
- 10 Best Airline Stocks to Buy
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Want to see what other hedge funds are holding FSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS KKR Capital Corp. (NYSE:FSK – Free Report).
Receive News & Ratings for FS KKR Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS KKR Capital and related companies with MarketBeat.com's FREE daily email newsletter.