Cary Street Partners Financial LLC Invests $1.62 Million in FS KKR Capital Corp. (NYSE:FSK)

Cary Street Partners Financial LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 74,684 shares of the company's stock, valued at approximately $1,622,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Generali Asset Management SPA SGR bought a new position in shares of FS KKR Capital in the fourth quarter worth about $17,608,000. Van ECK Associates Corp grew its holdings in shares of 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 worth $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Transce3nd LLC bought a new position in shares of FS KKR Capital in the fourth quarter worth about $11,173,000. Raymond James Financial Inc. bought a new position in shares of FS KKR Capital in the fourth quarter worth about $6,499,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of FS KKR Capital by 2,029.9% in the fourth 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. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Up 1.9%

FSK traded up $0.39 during trading on Tuesday, hitting $20.97. The stock had a trading volume of 381,229 shares, compared to its average volume of 1,484,315. The company has a market capitalization of $5.87 billion, a PE ratio of 11.15 and a beta of 0.98. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a 50 day simple moving average of $20.24 and a two-hundred day simple moving average of $21.39.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. The company had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a $0.64 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a yield of 12.21%. FS KKR Capital's payout ratio is 134.74%.

Analyst Ratings Changes

FSK has been the subject of several recent research reports. Oppenheimer reduced their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a report on Friday. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. B. Riley assumed coverage on shares of FS KKR Capital in a research note on Tuesday. They set a "neutral" rating and a $19.00 price objective on the stock. Wells Fargo & Company lowered their price target 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, JPMorgan Chase & Co. lowered their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, FS KKR Capital presently has a consensus rating of "Hold" and an average price target of $19.67.

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.