FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. increased its position in FS KKR Capital Corp. (NYSE:FSK) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,004 shares of the company’s stock after purchasing an additional 582 shares during the period. FS KKR Capital accounts for about 1.3% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Endowment Wealth Management Inc.’s holdings in FS KKR Capital were worth $1,977,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC raised its holdings in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after acquiring an additional 1,554 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital in the fourth quarter worth $52,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of FS KKR Capital in the fourth quarter worth $69,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 1.0 %

FS KKR Capital stock opened at $22.66 on Tuesday. The firm has a market capitalization of $6.35 billion, a PE ratio of 12.05 and a beta of 1.22. The company’s 50-day moving average is $22.71 and its 200-day moving average is $21.39. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate 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 company had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. Sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

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. This represents a $2.80 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s payout ratio is 122.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FSK shares. JPMorgan Chase & Co. raised their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average target price of $21.70.

About FS KKR Capital

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.