Vista Finance LLC Invests $3.86 Million in FS KKR Capital Corp. (NYSE:FSK)

Vista Finance LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 184,210 shares of the company's stock, valued at approximately $3,859,000. FS KKR Capital comprises about 3.3% of Vista Finance LLC's investment portfolio, making the stock its 8th largest position. Vista Finance LLC owned 0.07% of FS KKR Capital as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of FS KKR Capital in the 4th quarter valued at about $33,000. Fourth Dimension Wealth LLC bought a new position in FS KKR Capital during the 4th quarter worth $33,000. Jones Financial Companies Lllp increased its position in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after buying an additional 1,554 shares during the period. Anchor Investment Management LLC bought a new stake in FS KKR Capital in the fourth quarter valued at $54,000. Finally, Roxbury Financial LLC acquired a new position in shares of FS KKR Capital during the fourth quarter valued at $69,000. Institutional investors and hedge funds own 36.26% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on FSK shares. Oppenheimer cut their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. Royal Bank of Canada reduced their price objective on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. B. Riley assumed coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $19.50.

FS KKR Capital Price Performance

NYSE FSK traded up $0.01 on Tuesday, reaching $20.98. 1,832,034 shares of the stock traded hands, compared to its average volume of 1,460,159. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 11.16 and a beta of 0.97. The firm's fifty day simple moving average is $20.39 and its 200 day simple moving average is $21.40. 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 (NYSE:FSK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $400.00 million during the quarter, compared to analysts' expectations of $395.22 million. During the same quarter last year, the business posted $0.62 earnings per share. The company's quarterly revenue was down 7.8% on a year-over-year basis. As a group, research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

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

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.