9,993 Shares in FS KKR Capital Corp. (NYSE:FSK) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,993 shares of the company’s stock, valued at approximately $217,000.

Several other large investors have also recently added to or reduced their stakes in FSK. Jones Financial Companies Lllp grew its stake in shares of FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after acquiring an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in FS KKR Capital in the 4th quarter valued at about $52,000. Anchor Investment Management LLC acquired a new position in shares of FS KKR Capital during the 4th quarter worth approximately $54,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $69,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $19.98 on Friday. The company’s 50 day moving average price is $20.61 and its two-hundred day moving average price is $21.42. The firm has a market capitalization of $5.60 billion, a P/E ratio of 10.63 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.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 14.01%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital’s payout ratio is presently 122.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FSK. Royal Bank of Canada increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company decreased their target price on shares of 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 target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average price target of $19.90.

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.