Cullen Frost Bankers Inc. Buys 2,427 Shares of FS KKR Capital Corp. (NYSE:FSK)

Cullen Frost Bankers Inc. raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 25.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,027 shares of the company’s stock after buying an additional 2,427 shares during the period. Cullen Frost Bankers Inc.’s holdings in FS KKR Capital were worth $261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of FS KKR Capital during the 3rd quarter valued at about $7,830,000. Strategic Financial Concepts LLC increased its position in shares of FS KKR Capital by 2,029.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after purchasing an additional 289,278 shares during the last quarter. Rik Saylor Financial Inc. bought a new position in shares of FS KKR Capital in the 4th quarter worth approximately $4,287,000. Finally, Transcend Capital Advisors LLC lifted its stake in shares of 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 purchasing an additional 128,856 shares during the period. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Up 3.0 %

FSK opened at $22.94 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $24.10. The firm’s fifty day moving average is $22.69 and its 200 day moving average is $21.36. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 12.20 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last released 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 net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. On average, sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 12.21%. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Analysts Set New Price Targets

FSK has been the topic of several recent research reports. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods increased their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average price target of $21.70.

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.