36,819 Shares in FS KKR Capital Corp. (NYSE:FSK) Bought by TT Capital Management LLC

TT Capital Management LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,819 shares of the company's stock, valued at approximately $811,000.

A number of other large investors have also modified their holdings of FSK. Generali Asset Management SPA SGR purchased a new stake in FS KKR Capital during the 4th quarter worth approximately $17,608,000. Van ECK Associates Corp raised its holdings in FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of FS KKR Capital in the 4th quarter worth about $6,499,000. Strategic Financial Concepts LLC grew its position in shares of FS KKR Capital by 2,029.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock worth $6,593,000 after acquiring an additional 289,278 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of FS KKR Capital during the fourth quarter worth $4,871,000. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Stock Up 2.1 %

Shares of FSK traded up $0.41 during trading hours on Friday, reaching $19.54. The company's stock had a trading volume of 1,462,023 shares, compared to its average volume of 1,487,004. The company has a 50 day moving average of $21.45 and a two-hundred day moving average of $21.43. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 10.39 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $407.00 million for the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. As a group, research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 14.33%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital's dividend payout ratio is presently 122.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FSK shares. Royal Bank of Canada boosted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price target 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. Finally, Wells Fargo & Company lowered shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $21.00 to $19.00 in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $20.70.

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.