Sequent Planning LLC Buys 1,928 Shares of FS KKR Capital Corp. (NYSE:FSK)

Sequent Planning LLC increased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,461 shares of the company’s stock after buying an additional 1,928 shares during the quarter. Sequent Planning LLC’s holdings in FS KKR Capital were worth $814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FSK. Generali Asset Management SPA SGR bought a new position in shares of FS KKR Capital during the 4th quarter worth approximately $17,608,000. Van ECK Associates Corp raised its position in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in FS KKR Capital in the 3rd quarter valued at $7,830,000. Raymond James Financial Inc. bought a new position in FS KKR Capital in the 4th quarter valued at $6,499,000. Finally, Strategic Financial Concepts LLC raised its position in FS KKR Capital by 2,029.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after purchasing an additional 289,278 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.1 %

NYSE FSK opened at $20.69 on Monday. The stock has a fifty day moving average of $22.61 and a 200-day moving average of $21.45. The stock has a market capitalization of $5.80 billion, a P/E ratio of 11.01 and a beta of 1.22. FS KKR Capital Corp. has a 52 week low of $18.53 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 earnings results on Wednesday, February 26th. The company reported $0.66 EPS 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%. On average, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.53%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Analyst Upgrades and Downgrades

FSK has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. Wells Fargo & Company downgraded FS KKR Capital from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $21.00 to $19.00 in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.30.

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.