Concorde Asset Management LLC Invests $218,000 in FS KKR Capital Corp. (NYSE:FSK)

Concorde Asset Management LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,040 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at $30,000. Ridgewood Investments LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at $37,000. Rothschild Investment LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at $39,000. Financial Gravity Asset Management Inc. grew its stake in FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after acquiring an additional 1,421 shares during the period. Finally, New Millennium Group LLC acquired 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 NYSE:FSK opened at $21.78 on Friday. 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 firm has a market capitalization of $6.10 billion, a PE ratio of 11.58 and a beta of 1.25. The firm’s 50-day moving average is $20.35 and its two-hundred day moving average is $20.08. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $21.79.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the firm earned $0.80 earnings per share. Analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is 136.17%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.06.

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.