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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. grew its holdings in FS KKR Capital by 1.3% during the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company's stock valued at $726,000 after purchasing an additional 423 shares during the last quarter. Kendall Capital Management lifted its stake in FS KKR Capital by 2.3% in the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company's stock worth $497,000 after acquiring an additional 517 shares during the period. Endowment Wealth Management Inc. boosted its stake in shares of 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 purchasing an additional 582 shares in the last quarter. Lloyd Advisory Services LLC. lifted its stake in shares of FS KKR Capital by 6.7% during the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company's stock worth $232,000 after purchasing an additional 667 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its stake in FS KKR Capital by 6.4% in the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company's stock valued at $245,000 after acquiring an additional 679 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

NYSE FSK traded up $0.37 on Tuesday, reaching $21.30. 1,027,545 shares of the company's stock traded hands, compared to its average volume of 1,478,456. 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 debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98. The stock has a 50 day moving average price of $20.13 and a 200-day moving average price 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $400.00 million during the quarter, compared to analysts' expectations of $395.22 million. During the same period in the previous year, the business posted $0.62 EPS. The business's revenue was down 7.8% compared to the same quarter last year. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's payout ratio is 134.74%.

Wall Street Analyst Weigh In

Several analysts have recently commented on FSK shares. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company 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 for the company in a research note on Friday, May 9th. B. Riley initiated coverage on FS KKR Capital in a research report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price target for the company. Wells Fargo & Company cut their price objective 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, Royal Bank of Canada reduced their price objective on 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. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, FS KKR Capital has an average rating of "Hold" and a consensus price target of $19.50.

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.