Symmetry Partners LLC Buys New Position in FS KKR Capital Corp. $FSK

Key Points

• Symmetry Partners LLC acquired a new stake in FS KKR Capital Corp., purchasing 17,928 shares valued at approximately $372,000.
• FS KKR Capital recently declared an increased quarterly dividend of $0.70, which is up from the previous $0.64, resulting in an annualized dividend yield of 18.4%.
• Analysts have downgraded FS KKR Capital, with recent price target reductions from several firms, indicating a consensus target price of $18.42 and an average rating of "Reduce".

Symmetry Partners LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,928 shares of the company's stock, valued at approximately $372,000.

Several other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in FS KKR Capital by 2.8% in the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company's stock valued at $77,144,000 after acquiring an additional 98,647 shares during the last quarter. Cura Wealth Advisors LLC boosted its holdings in shares of FS KKR Capital by 1.1% during the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company's stock worth $37,387,000 after buying an additional 19,367 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of FS KKR Capital by 2.3% during the 1st quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company's stock worth $29,453,000 after buying an additional 31,039 shares in the last quarter. Strong Tower Advisory Services boosted its holdings in shares of FS KKR Capital by 5.1% during the 1st quarter. Strong Tower Advisory Services now owns 1,125,576 shares of the company's stock worth $23,581,000 after buying an additional 55,054 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of FS KKR Capital by 4.8% during the 1st quarter. Cetera Investment Advisers now owns 969,138 shares of the company's stock worth $20,303,000 after buying an additional 44,087 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

NYSE:FSK opened at $15.18 on Friday. 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 $14.90 and a 1-year high of $24.10. The business has a 50 day moving average of $18.36 and a 200 day moving average of $19.84. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 19.46 and a beta of 0.95.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.63 by ($1.23). The company had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same quarter in the previous year, the firm posted $0.75 EPS. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share 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. Investors of record on Wednesday, September 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This is a positive change from FS KKR Capital's previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 18.4%. FS KKR Capital's payout ratio is currently 328.21%.

Analyst Ratings Changes

FSK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $19.00 to $18.50 and set a "market perform" rating on the stock in a report on Tuesday, August 12th. 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 report on Friday, August 8th. Wall Street Zen cut FS KKR Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. 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 report on Tuesday, August 26th. Finally, Zacks Research upgraded FS KKR Capital to a "strong sell" rating in a research note on Friday, August 8th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $18.42.

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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