Flagship Harbor Advisors LLC raised its stake in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 14.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,148 shares of the company's stock after buying an additional 14,070 shares during the period. Flagship Harbor Advisors LLC's holdings in FS KKR Capital were worth $2,178,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of FSK. Kohlberg Kravis Roberts & Co. L.P. boosted its holdings in FS KKR Capital by 18.6% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 19,726,981 shares of the company's stock worth $450,170,000 after purchasing an additional 3,100,501 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in FS KKR Capital by 4.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,188,982 shares of the company's stock worth $42,510,000 after purchasing an additional 87,500 shares in the last quarter. River Road Asset Management LLC grew its stake in FS KKR Capital by 50.6% during the first quarter. River Road Asset Management LLC now owns 1,905,874 shares of the company's stock worth $43,492,000 after buying an additional 640,238 shares during the last quarter. Black Diamond Capital Management L.L.C. bought a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $39,247,000. Finally, Ares Management LLC boosted its stake in FS KKR Capital by 11.7% in the first quarter. Ares Management LLC now owns 1,710,937 shares of the company's stock valued at $39,044,000 after acquiring an additional 178,532 shares during the last quarter. Institutional investors own 35.74% of the company's stock.
Get FS KKR Capital alerts:FS KKR Capital Price Performance
FSK remained flat at $19.90 during trading on Wednesday. 24,505 shares of the company traded hands, compared to its average volume of 924,655. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 9.49 and a beta of 1.33. FS KKR Capital Corp. has a one year low of $18.08 and a one year high of $23.44. The firm's 50 day moving average price is $21.37 and its two-hundred day moving average price is $21.39.
FS KKR Capital (NYSE:FSK – Get Rating) last issued its earnings results on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $379.00 million for the quarter, compared to analysts' expectations of $378.79 million. FS KKR Capital had a net margin of 40.23% and a return on equity of 9.93%. On average, equities research analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.FS KKR Capital Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 13.47%. The ex-dividend date of this dividend is Tuesday, September 13th. FS KKR Capital's payout ratio is currently 115.09%.
Analyst Upgrades and Downgrades
FSK has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of FS KKR Capital from $19.00 to $20.50 and gave the stock an "equal weight" rating in a report on Wednesday, August 10th. Compass Point dropped their target price on shares of FS KKR Capital to $24.00 in a research report on Monday, August 15th.
About FS KKR Capital
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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.
Further Reading
- Get a free copy of the StockNews.com research report on FS KKR Capital (FSK)
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