FS KKR Capital Corp. (NYSE:FSK) Shares Bought by West Michigan Advisors LLC

West Michigan Advisors LLC raised its position in FS KKR Capital Corp. (NYSE:FSK) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,853 shares of the company’s stock after buying an additional 803 shares during the quarter. West Michigan Advisors LLC’s holdings in FS KKR Capital were worth $974,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. A&I Financial Services LLC acquired a new position in shares of FS KKR Capital during the 4th quarter worth $225,000. Muzinich & Co. Inc. grew its stake in shares of FS KKR Capital by 9.0% during the 4th quarter. Muzinich & Co. Inc. now owns 560,981 shares of the company’s stock worth $12,185,000 after purchasing an additional 46,542 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of FS KKR Capital during the 4th quarter worth $348,000. Canton Hathaway LLC grew its stake in shares of FS KKR Capital by 24.3% during the 4th quarter. Canton Hathaway LLC now owns 14,920 shares of the company’s stock worth $324,000 after purchasing an additional 2,920 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of FS KKR Capital by 75.2% during the 4th quarter. Bank of New York Mellon Corp now owns 62,189 shares of the company’s stock worth $1,351,000 after purchasing an additional 26,703 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FSK shares. Royal Bank of Canada upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and an average price target of $21.10.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $23.49 on Friday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $24.10. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm’s 50-day simple moving average is $22.54 and its 200 day simple moving average is $21.20. The firm has a market capitalization of $6.58 billion, a PE ratio of 12.49 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 11.92%. FS KKR Capital’s dividend payout ratio (DPR) is 122.49%.

Insider Buying and Selling at FS KKR Capital

In other news, insider Brian Gerson bought 5,000 shares of FS KKR Capital stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the acquisition, the insider now owns 15,109 shares in the company, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have bought 11,500 shares of company stock worth $248,910. Corporate insiders own 0.25% of the company’s stock.

About FS KKR Capital

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.