51,606 Shares in FS KKR Capital Corp. (NYSE:FSK) Purchased by Inscription Capital LLC

Inscription Capital LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 51,606 shares of the company’s stock, valued at approximately $984,000.

Other hedge funds have also added to or reduced their stakes in the company. Inspire Advisors LLC boosted its position in shares of FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock valued at $2,387,000 after acquiring an additional 24,443 shares during the period. Proactive Wealth Strategies LLC lifted its stake in FS KKR Capital by 24.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock worth $1,411,000 after purchasing an additional 12,926 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in FS KKR Capital in the 4th quarter worth approximately $348,000. Ascent Capital Management LLC bought a new position in FS KKR Capital in the 4th quarter valued at $470,000. Finally, Stifel Financial Corp grew its position in shares of FS KKR Capital by 18.2% during the 4th quarter. Stifel Financial Corp now owns 345,606 shares of the company’s stock valued at $7,507,000 after purchasing an additional 53,110 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. B. Riley assumed coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Oppenheimer decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Friday, May 9th. Finally, Keefe, Bruyette & Woods cut their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.50.

FS KKR Capital Trading Down 0.9%

FSK stock opened at $20.98 on Tuesday. The company has a market capitalization of $5.88 billion, a PE ratio of 11.16 and a beta of 0.97. 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 one year low of $17.42 and a one year high of $24.10. The company’s 50 day moving average price is $20.39 and its two-hundred day moving average price is $21.40.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $400.00 million for the quarter, compared to analysts’ expectations of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. As a group, analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a $0.64 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.20%. FS KKR Capital’s dividend payout ratio is currently 134.74%.

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.