514,112 Shares in FS KKR Capital Corp. (NYSE:FSK) Bought by Transce3nd LLC

Transce3nd LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 514,112 shares of the company's stock, valued at approximately $11,173,000. FS KKR Capital accounts for approximately 3.8% of Transce3nd LLC's portfolio, making the stock its 6th largest holding. Transce3nd LLC owned approximately 0.18% of FS KKR Capital at the end of the most recent quarter.

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

FS KKR Capital Trading Up 0.7 %

Shares of FSK stock traded up $0.15 on Friday, reaching $20.19. The company had a trading volume of 387,651 shares, compared to its average volume of 1,484,983. The stock has a market cap of $5.65 billion, a PE ratio of 10.74 and a beta of 0.98. The company has a 50-day moving average of $21.06 and a 200-day moving average of $21.42. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced 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 the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 13.87%. FS KKR Capital's dividend payout ratio is presently 122.49%.

Analyst Ratings Changes

FSK has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price 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. Wells Fargo & Company downgraded shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $21.00 to $19.00 in a research report on Monday, March 17th. Keefe, Bruyette & Woods dropped their price target on shares of 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, JPMorgan Chase & Co. reduced their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.10.

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.