BridgePort Financial Solutions LLC Makes New $385,000 Investment in FS KKR Capital Corp. (NYSE:FSK)

BridgePort Financial Solutions LLC purchased a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,901 shares of the company's stock, valued at approximately $385,000.

Several other large investors have also modified their holdings of FSK. Barclays PLC raised its holdings in shares of FS KKR Capital by 24.8% in the 3rd quarter. Barclays PLC now owns 327,469 shares of the company's stock valued at $6,460,000 after buying an additional 65,054 shares during the period. PFG Investments LLC raised its holdings in shares of FS KKR Capital by 7.4% in the 4th quarter. PFG Investments LLC now owns 73,447 shares of the company's stock valued at $1,595,000 after buying an additional 5,047 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in shares of FS KKR Capital by 86.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock valued at $4,878,000 after buying an additional 104,016 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at $1,852,000. Finally, Perigon Wealth Management LLC raised its holdings in shares of FS KKR Capital by 5.0% in the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company's stock valued at $321,000 after buying an additional 689 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

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

FS KKR Capital Price Performance

Shares of FSK traded up $0.04 during mid-day trading on Wednesday, hitting $21.36. The company's stock had a trading volume of 963,858 shares, compared to its average volume of 1,479,056. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a 50-day simple moving average of $20.14 and a 200 day simple moving average of $21.43. The firm has a market capitalization of $5.98 billion, a P/E ratio of 11.36 and a beta of 0.98. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10.

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

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 11.98%. FS KKR Capital's dividend payout ratio is presently 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.