Liberty Square Wealth Partners LLC Invests $1.23 Million in FS KKR Capital Corp. (NYSE:FSK)

Liberty Square Wealth Partners LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 51,906 shares of the company's stock, valued at approximately $1,232,000.

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

Analysts Set New Price Targets

A number of research analysts have commented on FSK shares. JPMorgan Chase & Co. reduced their target price 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. Oppenheimer reduced their target price 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. B. Riley started coverage on FS KKR Capital in a report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 target price on the stock. Wells Fargo & Company reduced their target price 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. Finally, Keefe, Bruyette & Woods dropped their price target 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. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.50.

FS KKR Capital Stock Performance

FSK traded down $0.01 during trading hours on Thursday, hitting $21.33. The company's stock had a trading volume of 705,529 shares, compared to its average volume of 1,475,974. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. 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 market capitalization of $5.97 billion, a PE ratio of 11.34 and a beta of 0.98. The company has a 50-day simple moving average of $20.14 and a 200 day simple moving average of $21.43.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $400.00 million for the quarter, compared to analysts' expectations of $395.22 million. During the same period last year, the firm earned $0.62 EPS. The firm's revenue was down 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 12.00%. The ex-dividend date is Wednesday, June 18th. 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.