Parkwood LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Parkwood LLC acquired 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 & Exchange Commission. The fund acquired 187,500 shares of the company's stock, valued at approximately $4,072,000. Parkwood LLC owned 0.07% of FS KKR Capital as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in FS KKR Capital during the fourth quarter worth $33,000. Jones Financial Companies Lllp increased its holdings in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after purchasing an additional 1,554 shares during the period. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at $52,000. Anchor Investment Management LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock valued at $60,000 after acquiring an additional 1,520 shares during the last quarter. Institutional investors own 36.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on FSK. Royal Bank of Canada cut their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. B. Riley began coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price target on the stock. Finally, Oppenheimer cut their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat.com, FS KKR Capital has a consensus rating of "Hold" and a consensus target price of $19.50.

FS KKR Capital Price Performance

Shares of FSK traded up $0.22 during mid-day trading on Monday, reaching $21.39. 397,190 shares of the stock traded hands, compared to its average volume of 1,472,427. The firm has a fifty day moving average price of $20.12 and a 200 day moving average price of $21.41. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 11.36 and a beta of 0.98. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1 year low of $17.42 and a 1 year high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. During the same period in the previous year, the business earned $0.62 earnings per share. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. As a group, equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a $0.64 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 11.97%. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.

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.