810,668 Shares in FS KKR Capital Corp. (NYSE:FSK) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new position in FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 810,668 shares of the company’s stock, valued at approximately $17,608,000. Generali Asset Management SPA SGR owned about 0.29% of FS KKR Capital as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSK. Van ECK Associates Corp boosted its holdings in shares of FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after buying an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of FS KKR Capital in the 3rd quarter worth about $7,830,000. Raymond James Financial Inc. purchased a new position in shares of FS KKR Capital in the 4th quarter worth about $6,499,000. Strategic Financial Concepts LLC boosted its holdings in shares of FS KKR Capital by 2,029.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after buying an additional 289,278 shares during the last quarter. Finally, Rik Saylor Financial Inc. purchased a new stake in FS KKR Capital during the fourth quarter valued at about $4,287,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Down 1.0 %

Shares of NYSE FSK opened at $21.23 on Tuesday. FS KKR Capital Corp. has a one year low of $18.33 and a one year 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. The firm’s 50 day simple moving average is $22.67 and its two-hundred day simple moving average is $21.43. The stock has a market capitalization of $5.94 billion, a P/E ratio of 11.29 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS 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 business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. As a group, analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.19%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is 122.49%.

Wall Street Analyst Weigh In

FSK has been the topic of several recent research reports. Keefe, Bruyette & Woods upped 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 report on Monday, March 3rd. B. Riley downgraded 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 report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $21.00 to $19.00 in a report on Monday. Finally, Royal Bank of Canada upped their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, FS KKR Capital has an average rating of “Hold” and an average target price of $21.30.

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.