Van ECK Associates Corp Boosts Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Van ECK Associates Corp lifted its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,204,830 shares of the company's stock after acquiring an additional 494,184 shares during the quarter. Van ECK Associates Corp owned 1.86% of FS KKR Capital worth $103,941,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its holdings 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 worth $75,547,000 after purchasing an additional 3,423,145 shares in the last quarter. Melia Wealth LLC bought a new stake in shares of FS KKR Capital in the fourth quarter valued at about $13,520,000. Tudor Investment Corp Et Al lifted its position in shares of FS KKR Capital by 206.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 485,553 shares of the company's stock worth $9,561,000 after acquiring an additional 327,060 shares during the period. WealthPlan Investment Management LLC bought a new position in shares of FS KKR Capital during the 3rd quarter worth about $5,576,000. Finally, Transcend Capital Advisors LLC boosted its holdings in FS KKR Capital by 50.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 706,036 shares of the company's stock valued at $14,100,000 after purchasing an additional 237,171 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

NYSE:FSK traded down $0.09 during mid-day trading on Tuesday, reaching $19.13. The stock had a trading volume of 1,059,621 shares, compared to its average volume of 1,673,462. FS KKR Capital Corp. has a one year low of $17.50 and a one year high of $20.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a 50 day moving average price of $19.07 and a two-hundred day moving average price of $19.66. The stock has a market capitalization of $5.36 billion, a P/E ratio of 7.68 and a beta of 1.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly 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 business had revenue of $447.00 million for the quarter, compared to analyst estimates of $452.39 million. During the same quarter last year, the firm earned $0.81 EPS. As a group, analysts expect that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.38%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital's payout ratio is currently 102.81%.

Insider Activity

In other news, insider Daniel Pietrzak bought 7,300 shares of the stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the acquisition, the insider now owns 39,800 shares in the company, valued at $745,454. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FSK shares. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. Hovde Group reaffirmed a "market perform" rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, February 28th. Wells Fargo & Company upped 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 research report on Monday, January 29th. Truist Financial dropped their price target on FS KKR Capital from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada lowered their price target 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. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, FS KKR Capital currently has an average rating of "Hold" and an average target price of $20.17.

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.