Norden Group LLC Takes Position in FS KKR Capital Corp. (NYSE:FSK)

Norden Group LLC acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,510 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. US Bancorp DE raised its holdings in shares of FS KKR Capital by 54.4% in the third quarter. US Bancorp DE now owns 12,916 shares of the company’s stock worth $255,000 after acquiring an additional 4,550 shares during the last quarter. Clarity Capital Partners LLC raised its stake in FS KKR Capital by 37.5% in the 3rd quarter. Clarity Capital Partners LLC now owns 14,670 shares of the company’s stock valued at $289,000 after purchasing an additional 4,000 shares during the last quarter. United Advisor Group LLC lifted its holdings in FS KKR Capital by 0.5% in the 3rd quarter. United Advisor Group LLC now owns 260,195 shares of the company’s stock valued at $5,134,000 after purchasing an additional 1,257 shares in the last quarter. Clarity Financial LLC purchased a new position in FS KKR Capital in the 3rd quarter valued at about $396,000. Finally, Hanlon Investment Management Inc. acquired a new stake in shares of FS KKR Capital during the 3rd quarter worth about $271,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of analyst reports. Wells Fargo & Company reissued 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. Keefe, Bruyette & Woods increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday. Royal Bank of Canada raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average price target of $21.70.

FS KKR Capital Trading Down 1.5 %

Shares of FSK opened at $22.78 on Wednesday. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $24.10. The firm has a market capitalization of $6.38 billion, a P/E ratio of 12.11 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $22.64 and its 200 day simple moving average is $21.30.

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 analysts’ consensus estimates of $0.67 by ($0.01). The firm 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 forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given 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 yield of 12.29%. FS KKR Capital’s dividend payout ratio (DPR) is 122.49%.

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.