GP Brinson Investments LLC Increases Stake in FS KKR Capital Corp. (NYSE:FSK)

GP Brinson Investments LLC grew its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 6.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 568,422 shares of the company's stock after acquiring an additional 34,698 shares during the quarter. FS KKR Capital comprises 5.2% of GP Brinson Investments LLC's investment portfolio, making the stock its 6th biggest holding. GP Brinson Investments LLC owned about 0.20% of FS KKR Capital worth $11,908,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of FS KKR Capital by 24.8% during the 3rd quarter. Barclays PLC now owns 327,469 shares of the company's stock worth $6,460,000 after purchasing an additional 65,054 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of FS KKR Capital by 5.0% during the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company's stock worth $321,000 after acquiring an additional 689 shares during the period. Strategic Blueprint LLC grew its position in FS KKR Capital by 2.6% during the fourth quarter. Strategic Blueprint LLC now owns 105,906 shares of the company's stock valued at $2,300,000 after acquiring an additional 2,635 shares during the period. Gries Financial LLC raised its holdings in FS KKR Capital by 27.3% in the fourth quarter. Gries Financial LLC now owns 72,845 shares of the company's stock valued at $1,582,000 after buying an additional 15,625 shares during the period. Finally, EMC Capital Management grew its stake in shares of FS KKR Capital by 95.0% in the fourth quarter. EMC Capital Management now owns 13,804 shares of the company's stock valued at $300,000 after buying an additional 6,724 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

FS KKR Capital Trading Down 0.6%

Shares of FSK traded down $0.12 during trading hours on Friday, hitting $21.20. 1,148,235 shares of the stock were exchanged, compared to its average volume of 1,475,278. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business has a 50-day moving average of $20.14 and a 200-day moving average of $21.43. The firm has a market capitalization of $5.94 billion, a P/E ratio of 11.28 and a beta of 0.98. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. FS KKR Capital's revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. On average, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced 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. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.08%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. B. Riley began coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 target price on the stock. Oppenheimer reduced their target price on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a report on Friday, May 9th. Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their price target on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.50.

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.