FS KKR Capital Corp. $FSK Shares Bought by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in FS KKR Capital Corp. by 13.7%, acquiring an additional 32,258 shares valued at approximately $5.6 million.
• FS KKR Capital recently declared a quarterly dividend of $0.70, up from $0.64, resulting in an annualized dividend of $2.80 and a yield of 16.5%.
• Analysts have lowered their price targets on FS KKR Capital, with the average target now at $18.42 and recent ratings suggesting a consensus classification of "Reduce."

Goldman Sachs Group Inc. raised its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,890 shares of the company's stock after purchasing an additional 32,258 shares during the period. Goldman Sachs Group Inc.'s holdings in FS KKR Capital were worth $5,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FS KKR Capital by 35.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company's stock worth $607,000 after acquiring an additional 7,620 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of FS KKR Capital during the 1st quarter worth about $6,383,000. Oppenheimer & Co. Inc. raised its position in shares of FS KKR Capital by 5.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company's stock worth $356,000 after acquiring an additional 945 shares in the last quarter. BridgePort Financial Solutions LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth about $385,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of FS KKR Capital by 11.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 129,330 shares of the company's stock worth $2,809,000 after acquiring an additional 12,782 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada cut their target price on FS KKR Capital from $21.00 to $18.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 26th. Wall Street Zen lowered FS KKR Capital from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company cut their price target on FS KKR Capital from $18.00 to $15.00 and set an "underweight" rating on the stock in a research report on Friday, August 8th. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $19.00 to $18.50 and set a "market perform" rating for the company in a report on Tuesday, August 12th. Finally, Zacks Research upgraded shares of FS KKR Capital to a "strong sell" rating in a research note on Friday, August 8th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $18.42.

FS KKR Capital Stock Down 3.4%

FS KKR Capital stock opened at $16.95 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital Corp. has a 1-year low of $16.94 and a 1-year high of $24.10. The company has a market cap of $4.75 billion, a PE ratio of 21.73 and a beta of 0.95. The stock's 50 day moving average price is $19.48 and its 200 day moving average price is $20.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $402.00 million. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th will be given a $0.70 dividend. This is an increase from FS KKR Capital's previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date is Wednesday, September 17th. FS KKR Capital's dividend payout ratio (DPR) is 328.21%.

FS KKR Capital 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.

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