Generation Capital Management LLC Acquires Shares of 9,493 FS KKR Capital Corp. (NYSE:FSK)

Generation Capital Management LLC bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,493 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently bought and sold shares of FSK. McIlrath & Eck LLC increased 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 acquiring an additional 675 shares during the last quarter. Jones Financial Companies Lllp increased its stake 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 last quarter. FNY Investment Advisers LLC acquired a new position in FS KKR Capital during the fourth quarter valued at approximately $52,000. Anchor Investment Management LLC acquired a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after acquiring an additional 1,520 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FSK shares. Royal Bank of Canada increased 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. Keefe, Bruyette & Woods decreased their target price on shares of 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. Wells Fargo & Company cut FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $21.00 to $19.00 in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. increased their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.70.

FS KKR Capital Trading Up 2.1 %

NYSE:FSK opened at $19.54 on Friday. The firm has a 50-day moving average price of $21.45 and a two-hundred day moving average price of $21.43. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 10.39 and a beta of 0.98. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. 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 (NYSE:FSK) last released its quarterly earnings data 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 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 analysts’ expectations of $419.97 million. On average, equities analysts expect 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 paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 14.33%. FS KKR Capital’s dividend payout ratio is currently 122.49%.

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.