FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Mariner LLC

Mariner LLC lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 547,993 shares of the company’s stock after acquiring an additional 11,533 shares during the quarter. Mariner LLC’s holdings in FS KKR Capital were worth $11,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new stake in shares of FS KKR Capital in the 4th quarter worth $17,608,000. Van ECK Associates Corp grew its stake 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 purchasing an additional 673,420 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of FS KKR Capital in the 4th quarter worth approximately $6,499,000. Strategic Financial Concepts LLC lifted its stake in FS KKR Capital by 2,029.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after purchasing an additional 289,278 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in FS KKR Capital during the fourth quarter worth approximately $4,871,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 2.1 %

Shares of NYSE FSK opened at $19.54 on Friday. The firm has a market capitalization of $5.47 billion, a PE ratio of 10.39 and a beta of 0.98. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average price of $21.45 and a two-hundred day moving average price of $21.43.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data 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 company had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. 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 Announces Dividend

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 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 yield of 14.33%. FS KKR Capital’s payout ratio is 122.49%.

Analyst Ratings Changes

Several research firms have recently weighed in on FSK. Wells Fargo & Company lowered FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. 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 research note on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.70.

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.