FORA Capital LLC Buys New Position in FS KKR Capital Corp. (NYSE:FSK)

FORA Capital LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the third quarter, HoldingsChannel reports. The institutional investor bought 26,743 shares of the company’s stock, valued at approximately $528,000.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after purchasing an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in FS KKR Capital during the second quarter valued at $19,544,000. Cetera Investment Advisers grew its holdings in FS KKR Capital by 368.3% during the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock valued at $16,911,000 after purchasing an additional 697,453 shares during the period. Maia Wealth LLC purchased a new stake in FS KKR Capital in the second quarter worth about $10,560,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of FS KKR Capital in the third quarter worth about $7,290,000. 36.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FSK shares. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company cut their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.06.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $22.13 on Friday. The firm’s fifty day moving average is $20.58 and its two-hundred day moving average is $20.16. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $22.18. The company has a market cap of $6.20 billion, a P/E ratio of 11.77 and a beta of 1.25. 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 posted its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the previous year, the business earned $0.80 earnings per share. As a group, analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.70 dividend. This represents a yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is currently 136.17%.

FS KKR Capital Profile

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.