Raymond James Financial Inc. Purchases Shares of 299,220 FS KKR Capital Corp. (NYSE:FSK)

Raymond James Financial Inc. purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 299,220 shares of the company's stock, valued at approximately $6,499,000. Raymond James Financial Inc. owned 0.11% of FS KKR Capital as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after buying an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in FS KKR Capital by 2.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock worth $94,989,000 after buying an additional 91,192 shares during the period. LPL Financial LLC lifted its holdings in shares of FS KKR Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock valued at $77,837,000 after acquiring an additional 119,593 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in FS KKR Capital by 10.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock worth $29,862,000 after acquiring an additional 128,856 shares during the period. Finally, Strong Tower Advisory Services grew its position in FS KKR Capital by 3.5% in the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company's stock valued at $23,252,000 after acquiring an additional 36,127 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Trading Down 1.6 %

FS KKR Capital stock traded down $0.33 during mid-day trading on Tuesday, hitting $19.95. 283,016 shares of the company's stock were exchanged, compared to its average volume of 1,484,854. The company's 50 day simple moving average is $20.90 and its 200-day simple moving average is $21.44. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $5.59 billion, a P/E ratio of 10.63 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. On average, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 14.04%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital's dividend payout ratio (DPR) is currently 122.49%.

Analyst Ratings Changes

A number of brokerages have weighed in on FSK. Royal Bank of Canada raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company cut their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of "Hold" and an average price target of $19.90.

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.