Perennial Investment Advisors LLC Increases Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Perennial Investment Advisors LLC increased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,048 shares of the company’s stock after purchasing an additional 7,192 shares during the period. Perennial Investment Advisors LLC’s holdings in FS KKR Capital were worth $1,391,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FSK. McIlrath & Eck LLC lifted its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after buying an additional 1,554 shares during the period. FNY Investment Advisers LLC acquired a new position in FS KKR Capital in the fourth quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after buying an additional 1,520 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in shares of FS KKR Capital during the fourth quarter valued at about $69,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

NYSE:FSK opened at $19.44 on Friday. FS KKR Capital Corp. has a 52 week low of $18.53 and a 52 week high of $24.10. The company has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $21.50. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 10.34 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last released its earnings results 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 return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.41%. FS KKR Capital’s payout ratio is 122.49%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley lowered 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. Wells Fargo & Company cut FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods lifted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Royal Bank of Canada increased their target price on 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. Finally, JPMorgan Chase & Co. lifted their target price 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and an average target price of $21.30.

FS KKR Capital 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.