Bard Associates Inc. Decreases Position in FS KKR Capital Corp. (NYSE:FSK)

Bard Associates Inc. trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,759 shares of the company’s stock after selling 1,656 shares during the period. FS KKR Capital makes up 1.2% of Bard Associates Inc.’s portfolio, making the stock its 23rd biggest position. Bard Associates Inc.’s holdings in FS KKR Capital were worth $3,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in FS KKR Capital during the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new position in FS KKR Capital during the 2nd quarter valued at about $37,000. Rothschild Investment LLC bought a new position in FS KKR Capital in the 2nd quarter worth about $39,000. Financial Gravity Asset Management Inc. increased its stake in shares of FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the period. Finally, New Millennium Group LLC bought a new stake in shares of FS KKR Capital during the second quarter valued at approximately $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $21.11 on Friday. The firm has a 50 day simple moving average of $20.17 and a 200 day simple moving average of $20.00. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $21.28. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market cap of $5.91 billion, a P/E ratio of 11.22 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business 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 quarter in the previous year, the business earned $0.80 earnings per share. Sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s payout ratio is currently 136.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company dropped their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.94.

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.