20,451 Shares in FS KKR Capital Corp. (NYSE:FSK) Purchased by Brookwood Investment Group LLC

Key Points

• Brookwood Investment Group LLC has acquired 20,451 shares of FS KKR Capital Corp., valued at approximately $428,000, marking a new investment in the company during the first quarter.
• FS KKR Capital reported earnings per share of $0.65 for the last quarter, surpassing analyst expectations, though revenue saw a decline of 7.8% year-over-year.
• Analysts have recently lowered their price targets for FS KKR Capital, with JPMorgan reducing its target from $22.00 to $19.00, reflecting a cautious outlook on the stock.

Brookwood Investment Group LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,451 shares of the company's stock, valued at approximately $428,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FSK. Thrivent Financial for Lutherans raised its holdings in FS KKR Capital by 12.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 29,141 shares of the company's stock worth $633,000 after purchasing an additional 3,247 shares in the last quarter. Virtu Financial LLC bought a new position in shares of FS KKR Capital in the fourth quarter valued at $294,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of FS KKR Capital by 414.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 30,932 shares of the company's stock valued at $672,000 after buying an additional 24,916 shares in the last quarter. DnB Asset Management AS increased its holdings in shares of FS KKR Capital by 5.4% in the fourth quarter. DnB Asset Management AS now owns 156,422 shares of the company's stock valued at $3,397,000 after buying an additional 7,950 shares in the last quarter. Finally, Maridea Wealth Management LLC bought a new position in shares of FS KKR Capital in the fourth quarter valued at $284,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on FSK shares. JPMorgan Chase & Co. dropped their price target on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada cut their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. B. Riley started coverage on shares of 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, Oppenheimer cut their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.50.

FS KKR Capital Stock Down 1.5%

NYSE:FSK traded down $0.32 during trading hours on Tuesday, reaching $21.51. The company's stock had a trading volume of 553,054 shares, compared to its average volume of 1,576,315. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 11.34 and a beta of 0.96. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The business's 50-day moving average is $21.31 and its 200-day moving average is $21.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.09 and a quick ratio of 2.09.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. FS KKR Capital had a net margin of 31.53% and a return on equity of 11.78%. The business's revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 11.90%. The ex-dividend date was Wednesday, June 18th. FS KKR Capital's dividend payout ratio is 134.74%.

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.