46,798 Shares in FS KKR Capital Corp. (NYSE:FSK) Bought by Andina Capital Management LLC

Andina Capital Management LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,798 shares of the company's stock, valued at approximately $935,000.

Other institutional investors also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of FS KKR Capital by 2.9% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 31,920 shares of the company's stock worth $637,000 after acquiring an additional 895 shares during the last quarter. Van ECK Associates Corp boosted its stake in FS KKR Capital by 10.5% during the fourth quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company's stock worth $103,941,000 after buying an additional 494,184 shares during the last quarter. Naviter Wealth LLC boosted its stake in FS KKR Capital by 11.3% during the fourth quarter. Naviter Wealth LLC now owns 12,117 shares of the company's stock worth $250,000 after buying an additional 1,229 shares during the last quarter. Choreo LLC acquired a new position in FS KKR Capital during the fourth quarter worth $604,000. Finally, Intellectus Partners LLC acquired a new position in FS KKR Capital during the fourth quarter worth $271,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FSK shares. Compass Point lowered FS KKR Capital from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. JPMorgan Chase & Co. upped 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. Truist Financial decreased 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. Hovde Group reaffirmed a "market perform" rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada decreased their price target on 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, FS KKR Capital presently has a consensus rating of "Hold" and a consensus target price of $20.17.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak purchased 7,300 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the acquisition, the insider now directly 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. 0.22% of the stock is owned by company insiders.

FS KKR Capital Trading Up 0.5 %

Shares of FSK stock traded up $0.09 on Wednesday, hitting $19.22. The stock had a trading volume of 1,044,562 shares, compared to its average volume of 1,665,979. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $5.38 billion, a P/E ratio of 7.72 and a beta of 1.25. FS KKR Capital Corp. has a 1 year low of $17.50 and a 1 year high of $20.99. The company's 50 day moving average price is $19.07 and its 200-day moving average price is $19.66.

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

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 annualized dividend and a yield of 13.32%. FS KKR Capital's dividend payout ratio (DPR) is 102.81%.

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.