Lingohr Asset Management GmbH Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Lingohr Asset Management GmbH purchased a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,757 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after acquiring an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital in the 4th quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new stake in FS KKR Capital during the fourth quarter worth approximately $69,000. 36.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FSK. 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 report on Monday, March 3rd. Royal Bank of Canada increased their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company lowered shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $21.00 to $19.00 in a report on Monday. Finally, B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and a consensus price target of $21.30.

FS KKR Capital Stock Performance

FSK opened at $20.48 on Thursday. FS KKR Capital Corp. has a 1-year low of $18.38 and a 1-year high of $24.10. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 10.89 and a beta of 1.22. The company’s fifty day moving average price is $22.64 and its two-hundred day moving average price is $21.43. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

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

FS KKR Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.67%. FS KKR Capital’s dividend payout ratio is presently 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.