FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 50.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,036 shares of the company’s stock after buying an additional 237,171 shares during the quarter. FS KKR Capital makes up approximately 1.3% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 10th largest position. Transcend Capital Advisors LLC owned approximately 0.25% of FS KKR Capital worth $14,100,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp raised its stake in FS KKR Capital by 10.7% in the 3rd quarter. Van ECK Associates Corp now owns 4,710,646 shares of the company’s stock valued at $92,753,000 after purchasing an additional 456,657 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of FS KKR Capital by 951.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after acquiring an additional 3,423,145 shares during the last quarter. LPL Financial LLC increased its stake in shares of FS KKR Capital by 2.3% in the 3rd quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock worth $59,012,000 after acquiring an additional 66,636 shares during the last quarter. Shufro Rose & Co. LLC increased its stake in shares of FS KKR Capital by 4.2% in the 3rd quarter. Shufro Rose & Co. LLC now owns 1,156,634 shares of the company’s stock worth $22,776,000 after acquiring an additional 46,451 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its stake in shares of FS KKR Capital by 1.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 1,028,785 shares of the company’s stock worth $20,257,000 after acquiring an additional 16,022 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Up 0.5 %

Shares of NYSE FSK traded up $0.10 during midday trading on Friday, hitting $19.33. 958,030 shares of the company’s stock were exchanged, compared to its average volume of 1,282,233. 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 twelve month low of $17.50 and a twelve month high of $20.99. The company has a market cap of $5.41 billion, a PE ratio of 7.76 and a beta of 1.25. The firm’s fifty day simple moving average is $19.11 and its 200-day simple moving average is $19.67.

FS KKR Capital (NYSE:FSK) last issued 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 for the quarter, compared to analyst estimates of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same quarter last year, the company earned $0.81 EPS. Research analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 13.24%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is 102.81%.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak bought 7,300 shares of the stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the purchase, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Royal Bank of Canada lowered their price target on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $21.50 to $19.50 in a report on Tuesday, February 27th. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, Wells Fargo & Company raised their target price on FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and an average target price of $20.17.

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.