Regatta Capital Group LLC lessened its stake in shares of FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 2.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,771 shares of the company's stock after selling 1,283 shares during the quarter. Regatta Capital Group LLC's holdings in FS KKR Capital were worth $1,296,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of FSK. Investment House LLC grew its stake in FS KKR Capital by 3.4% during the first quarter. Investment House LLC now owns 15,119 shares of the company's stock valued at $345,000 after acquiring an additional 500 shares in the last quarter. O Dell Group LLC grew its position in shares of FS KKR Capital by 4.7% during the 4th quarter. O Dell Group LLC now owns 11,277 shares of the company's stock valued at $236,000 after purchasing an additional 509 shares in the last quarter. Cahaba Wealth Management Inc. increased its holdings in shares of FS KKR Capital by 4.3% in the first quarter. Cahaba Wealth Management Inc. now owns 12,396 shares of the company's stock worth $259,000 after purchasing an additional 516 shares during the period. Dean Jacobson Financial Services LLC raised its position in shares of FS KKR Capital by 3.9% in the first quarter. Dean Jacobson Financial Services LLC now owns 14,151 shares of the company's stock worth $323,000 after buying an additional 532 shares in the last quarter. Finally, Virtus ETF Advisers LLC boosted its stake in FS KKR Capital by 1.4% during the fourth quarter. Virtus ETF Advisers LLC now owns 40,898 shares of the company's stock valued at $856,000 after buying an additional 559 shares during the period. 35.74% of the stock is currently owned by institutional investors.
Get FS KKR Capital alerts:FS KKR Capital Trading Down 5.2 %
FS KKR Capital stock traded down $1.13 during mid-day trading on Tuesday, hitting $20.52. The company's stock had a trading volume of 30,633 shares, compared to its average volume of 781,485. The business has a 50 day moving average price of $21.41 and a 200-day moving average price of $21.48. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.49 and a quick ratio of 2.49. FS KKR Capital Corp. has a 12 month low of $18.08 and a 12 month high of $23.44. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 10.21 and a beta of 1.33.
FS KKR Capital (NYSE:FSK – Get Rating) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. FS KKR Capital had a return on equity of 9.93% and a net margin of 40.23%. The business had revenue of $379.00 million for the quarter, compared to analysts' expectations of $378.79 million. As a group, analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current year.FS KKR Capital Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, September 14th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $2.68 annualized dividend and a dividend yield of 13.06%. FS KKR Capital's payout ratio is presently 128.30%.
Analyst Upgrades and Downgrades
FSK has been the topic of several recent analyst reports. Hovde Group lowered their price target on FS KKR Capital to $23.00 in a report on Friday, May 20th. Compass Point decreased their price target on shares of FS KKR Capital to $24.00 in a report on Monday, August 15th. Finally, Wells Fargo & Company increased their target price on FS KKR Capital from $19.00 to $20.50 and gave the company an "equal weight" rating in a research note on Wednesday, August 10th.
FS KKR Capital Company Profile
(Get Rating)
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.
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