Crescent Grove Advisors LLC Acquires Shares of 50,400 FS KKR Capital Corp. (NYSE:FSK)

Crescent Grove Advisors LLC bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,400 shares of the company's stock, valued at approximately $1,039,000.

A number of other hedge funds also recently bought and sold shares of FSK. International Assets Investment Management LLC increased its position in shares of FS KKR Capital by 951.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company's stock valued at $75,547,000 after acquiring an additional 3,423,145 shares during the period. Millennium Management LLC lifted its stake in FS KKR Capital by 4,104.6% in the 4th quarter. Millennium Management LLC now owns 759,013 shares of the company's stock valued at $13,283,000 after buying an additional 740,961 shares in the last quarter. Melia Wealth LLC acquired a new stake in FS KKR Capital in the 4th quarter valued at about $13,520,000. Wells Fargo & Company MN raised its holdings in FS KKR Capital by 292.4% in the 2nd quarter. Wells Fargo & Company MN now owns 671,299 shares of the company's stock valued at $13,037,000 after acquiring an additional 500,218 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in FS KKR Capital by 10.7% in the 3rd quarter. Van ECK Associates Corp now owns 4,710,646 shares of the company's stock valued at $92,753,000 after acquiring an additional 456,657 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

FS KKR Capital Trading Up 0.2 %

Shares of FS KKR Capital stock traded up $0.03 during trading hours on Tuesday, hitting $18.85. The company's stock had a trading volume of 1,449,358 shares, compared to its average volume of 1,746,730. FS KKR Capital Corp. has a 1-year low of $17.50 and a 1-year high of $20.99. The business has a fifty day moving average of $19.26 and a 200 day moving average of $19.68. The company has a market capitalization of $5.28 billion, a PE ratio of 7.60 and a beta of 1.25. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20.

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

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were paid 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 yield of 13.58%. FS KKR Capital's dividend payout ratio (DPR) is 102.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FSK. Wells Fargo & Company raised their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Compass Point cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods reduced their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a "market perform" rating for the company in a research report on Tuesday. Truist Financial reduced their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada dropped their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.17.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the transaction, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

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.