FCG Investment Co Buys New Shares in FS KKR Capital Corp. $FSK

FCG Investment Co acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,723 shares of the company’s stock, valued at approximately $451,000.

A number of other large investors have also modified their holdings of FSK. Flaharty Asset Management LLC purchased a new position in shares of FS KKR Capital during the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd bought a new stake in FS KKR Capital in the first quarter valued at $34,000. Wealth Preservation Advisors LLC bought a new position in FS KKR Capital in the 1st quarter worth about $42,000. Compass Financial Services Inc acquired a new stake in FS KKR Capital in the 1st quarter valued at approximately $50,000. Finally, von Borstel & Associates Inc. bought a new stake in shares of FS KKR Capital during the first quarter valued at about $60,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.9%

Shares of NYSE FSK opened at $15.21 on Friday. FS KKR Capital Corp. has a one year low of $14.90 and a one year high of $24.10. The business has a fifty day simple moving average of $18.51 and a 200 day simple moving average of $19.89. 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 (NYSE:FSK) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. During the same period last year, the firm earned $0.75 EPS. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Wednesday, September 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 18.4%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, September 17th. FS KKR Capital’s dividend payout ratio (DPR) is currently 328.21%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FSK shares. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, August 8th. Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada decreased their price target on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 26th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, FS KKR Capital has an average rating of “Reduce” and a consensus price target of $18.42.

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.