FS KKR Capital Corp. (NYSE:FSK) Shares Bought by LSV Asset Management

LSV Asset Management increased its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,905,718 shares of the company's stock after purchasing an additional 67,900 shares during the period. LSV Asset Management owned approximately 0.68% of FS KKR Capital worth $38,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FSK. Bank of New York Mellon Corp grew its stake in shares of FS KKR Capital by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company's stock valued at $1,901,000 after buying an additional 570 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of FS KKR Capital by 20.8% in the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company's stock worth $66,000 after purchasing an additional 575 shares during the last quarter. IFG Advisory LLC grew its holdings in FS KKR Capital by 0.7% in the 4th quarter. IFG Advisory LLC now owns 88,292 shares of the company's stock worth $1,763,000 after acquiring an additional 633 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of FS KKR Capital by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company's stock valued at $4,442,000 after acquiring an additional 764 shares during the last quarter. Finally, CFO4Life Group LLC boosted its holdings in shares of FS KKR Capital by 2.7% during the third quarter. CFO4Life Group LLC now owns 29,441 shares of the company's stock worth $580,000 after purchasing an additional 784 shares during the period. Institutional investors own 36.26% of the company's stock.

FS KKR Capital Stock Up 1.0 %

Shares of FSK traded up $0.20 during mid-day trading on Monday, reaching $19.42. The company had a trading volume of 1,490,325 shares, compared to its average volume of 1,646,826. 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 company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 7.80 and a beta of 1.23. The firm has a 50-day moving average price of $19.00 and a 200 day moving average price of $19.66. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99.

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

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were paid a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 annualized dividend and a dividend yield of 13.18%. FS KKR Capital's dividend payout ratio is presently 102.81%.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the purchase, the insider now directly owns 39,800 shares of the company's stock, valued at $745,454. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on FSK shares. Royal Bank of Canada reduced their price target on 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. JPMorgan Chase & Co. raised their price target on FS KKR Capital from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Truist Financial reduced their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a "hold" rating on the stock in a research report on Wednesday, February 28th. Wells Fargo & Company raised their target price 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. Finally, Hovde Group reiterated a "market perform" rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, FS KKR Capital has a consensus rating of "Hold" and an average price target of $20.17.

FS KKR Capital Company 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.