Partners Group Holding AG Has $5.28 Million Position in FS KKR Capital Corp. (NYSE:FSK)

Partners Group Holding AG cut its stake in FS KKR Capital Corp. (NYSE:FSK) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,807 shares of the company’s stock after selling 24,452 shares during the quarter. Partners Group Holding AG owned approximately 0.10% of FS KKR Capital worth $5,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FSK. Summit Securities Group LLC bought a new position in FS KKR Capital in the 2nd quarter valued at about $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital in the second quarter valued at approximately $37,000. Rothschild Investment LLC bought a new position in shares of FS KKR Capital during the second quarter worth approximately $39,000. Financial Gravity Asset Management Inc. lifted its holdings in FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in FS KKR Capital in the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.1 %

Shares of FS KKR Capital stock opened at $22.01 on Tuesday. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $22.11. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock’s 50-day moving average is $20.44 and its 200 day moving average is $20.12. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 11.71 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same quarter last year, the firm posted $0.80 EPS. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is currently 136.17%.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSK. Wells Fargo & Company lowered their price objective on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and a consensus target price of $20.06.

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.