FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its position in FS KKR Capital Corp. (NYSE:FSK) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,804 shares of the company’s stock after buying an additional 1,074 shares during the quarter. Wedbush Securities Inc.’s holdings in FS KKR Capital were worth $908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSK. Benjamin Edwards Inc. lifted its stake in shares of FS KKR Capital by 62.0% in the third quarter. Benjamin Edwards Inc. now owns 10,566 shares of the company’s stock worth $208,000 after acquiring an additional 4,043 shares in the last quarter. Stifel Financial Corp raised its position in shares of FS KKR Capital by 8.6% in the 3rd quarter. Stifel Financial Corp now owns 292,496 shares of the company’s stock valued at $5,771,000 after purchasing an additional 23,101 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of FS KKR Capital by 39.2% during the 3rd quarter. XTX Topco Ltd now owns 30,263 shares of the company’s stock valued at $597,000 after buying an additional 8,522 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of FS KKR Capital during the third quarter worth approximately $7,830,000. Finally, MML Investors Services LLC increased its stake in shares of FS KKR Capital by 7.8% in the third quarter. MML Investors Services LLC now owns 396,575 shares of the company’s stock worth $7,824,000 after buying an additional 28,734 shares during the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $19.44 on Monday. 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 firm’s 50-day moving average price is $22.37 and its two-hundred day moving average price is $21.53. FS KKR Capital Corp. has a 52-week low of $18.53 and a 52-week high of $24.10. The stock has a market capitalization of $5.44 billion, a P/E ratio of 10.34 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (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 during the quarter, compared to the consensus estimate of $419.97 million. As a group, sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. 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 research note on Wednesday, December 11th. Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. Keefe, Bruyette & Woods boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report 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 report on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.30.

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.