International Assets Investment Management LLC Acquires 3,423,145 Shares of FS KKR Capital Corp. (NYSE:FSK)

International Assets Investment Management LLC grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 951.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,783,001 shares of the company's stock after buying an additional 3,423,145 shares during the quarter. International Assets Investment Management LLC owned approximately 1.35% of FS KKR Capital worth $75,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC lifted its position in FS KKR Capital by 990.4% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 112,128 shares of the company's stock worth $2,239,000 after buying an additional 101,845 shares in the last quarter. GP Brinson Investments LLC lifted its position in FS KKR Capital by 78.4% during the 4th quarter. GP Brinson Investments LLC now owns 517,707 shares of the company's stock worth $10,339,000 after buying an additional 227,573 shares in the last quarter. Alpine Global Management LLC bought a new stake in FS KKR Capital during the 3rd quarter worth about $2,397,000. Integrated Wealth Concepts LLC raised its holdings in shares of FS KKR Capital by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,985 shares of the company's stock valued at $1,476,000 after purchasing an additional 2,627 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of FS KKR Capital by 2.3% in the 3rd quarter. LPL Financial LLC now owns 2,997,068 shares of the company's stock valued at $59,012,000 after purchasing an additional 66,636 shares during the period. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Performance

FSK traded up $0.21 on Friday, reaching $19.18. The company had a trading volume of 1,029,257 shares, compared to its average volume of 1,561,921. FS KKR Capital Corp. has a fifty-two week low of $17.50 and a fifty-two week high of $20.99. The stock has a market cap of $5.37 billion, a P/E ratio of 7.70 and a beta of 1.25. The company's fifty day moving average is $19.42 and its 200 day moving average is $19.70. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The firm had revenue of $447.00 million for the quarter, compared to analyst estimates of $452.39 million. During the same quarter in the prior year, the business posted $0.81 EPS. As a group, analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were given a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.35%. FS KKR Capital's payout ratio is presently 102.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a "hold" rating on the stock in a report on Wednesday, February 28th. Royal Bank of Canada dropped their target price on shares of FS KKR Capital from $21.00 to $20.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and dropped their target price for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. JPMorgan Chase & Co. dropped their target price on shares of FS KKR Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, February 28th. Finally, Hovde Group reaffirmed a "market perform" rating and issued a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $20.06.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the transaction, the insider now owns 39,800 shares of the company's stock, valued at approximately $745,454. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company's stock.

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.