Transce3nd LLC Purchases New Position in FS KKR Capital Corp. (NYSE:FSK)

Transce3nd LLC acquired a new position in FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, HoldingsChannel reports. The fund acquired 514,112 shares of the company’s stock, valued at approximately $11,173,000. FS KKR Capital accounts for approximately 3.8% of Transce3nd LLC’s holdings, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC grew its holdings in FS KKR Capital by 47.5% in the third 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 period. Jones Financial Companies Lllp increased 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 worth $51,000 after acquiring an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in FS KKR Capital during the fourth quarter worth $52,000. Anchor Investment Management LLC purchased a new position in FS KKR Capital during the fourth quarter valued at $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $19.54 on Friday. The business’s fifty day simple moving average is $21.37 and its 200-day simple moving average is $21.44. 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 has a market cap of $5.47 billion, a PE 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.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 14.33%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FSK shares. Keefe, Bruyette & Woods lowered 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. increased their price objective 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. Royal Bank of Canada lifted their target price on shares of 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, Wells Fargo & Company lowered FS KKR Capital from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $21.00 to $19.00 in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.