Montchanin Asset Management LLC Invests $282,000 in FS KKR Capital Corp. (NYSE:FSK)

Montchanin Asset Management LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,000 shares of the company's stock, valued at approximately $282,000.

A number of other hedge funds also recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its position in FS KKR Capital by 1.3% during the fourth quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company's stock valued at $726,000 after buying an additional 423 shares during the period. Kendall Capital Management boosted its position in FS KKR Capital by 2.3% during the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company's stock valued at $497,000 after buying an additional 517 shares during the period. Endowment Wealth Management Inc. boosted its position in FS KKR Capital by 0.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company's stock valued at $1,977,000 after buying an additional 582 shares during the period. Lloyd Advisory Services LLC. boosted its position in FS KKR Capital by 6.7% during the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company's stock valued at $232,000 after buying an additional 667 shares during the period. Finally, Wagner Wealth Management LLC boosted its position in FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company's stock valued at $245,000 after buying an additional 679 shares during the period. Institutional investors own 36.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on FSK. Keefe, Bruyette & Woods lowered their price objective on shares of 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. JPMorgan Chase & Co. lowered their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Royal Bank of Canada lowered their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Finally, Oppenheimer cut their price target on shares of 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. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.50.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock traded down $0.01 during trading hours on Thursday, reaching $21.33. The company's stock had a trading volume of 368,863 shares, compared to its average volume of 1,474,676. The firm has a 50 day moving average price of $20.14 and a 200-day moving average price of $21.43. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. 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 stock has a market cap of $5.97 billion, a P/E ratio of 11.34 and a beta of 0.98.

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

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a yield of 12.00%. FS KKR Capital's payout ratio is 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.