Stifel Financial Corp Boosts Stake in FS KKR Capital Corp. (NYSE:FSK)

Stifel Financial Corp raised its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 345,606 shares of the company's stock after purchasing an additional 53,110 shares during the quarter. Stifel Financial Corp owned 0.12% of FS KKR Capital worth $7,507,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FSK. McIlrath & Eck LLC increased its position in FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares during the period. Jones Financial Companies Lllp raised its position in FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after purchasing an additional 1,554 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in FS KKR Capital during the 4th quarter worth about $52,000. Anchor Investment Management LLC bought a new stake in shares of FS KKR Capital in the 4th quarter valued at about $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock worth $60,000 after acquiring an additional 1,520 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 1.6 %

FSK stock traded down $0.32 during trading on Thursday, reaching $19.58. 1,276,053 shares of the stock were exchanged, compared to its average volume of 1,488,720. The firm's 50 day moving average is $20.75 and its 200 day moving average is $21.42. The firm has a market cap of $5.48 billion, a P/E ratio of 10.41 and a beta of 0.98. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 14.30%. FS KKR Capital's dividend payout ratio (DPR) is currently 122.49%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FSK. Royal Bank of Canada increased their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Wells Fargo & Company decreased 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 report on Monday. Keefe, Bruyette & Woods dropped their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target 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. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.90.

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.