DnB Asset Management AS Acquires 7,950 Shares of FS KKR Capital Corp. (NYSE:FSK)

DnB Asset Management AS raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,422 shares of the company’s stock after acquiring an additional 7,950 shares during the quarter. DnB Asset Management AS owned approximately 0.06% of FS KKR Capital worth $3,397,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FSK. Kingswood Wealth Advisors LLC lifted its stake in FS KKR Capital by 86.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after purchasing an additional 104,016 shares during the last quarter. Inspire Advisors LLC increased its holdings in shares of FS KKR Capital by 28.6% during the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after buying an additional 24,443 shares in the last quarter. Proactive Wealth Strategies LLC lifted its stake in shares of FS KKR Capital by 24.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock valued at $1,411,000 after acquiring an additional 12,926 shares during the last quarter. Graypoint LLC boosted its holdings in shares of FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after acquiring an additional 26,174 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in FS KKR Capital by 15.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock worth $4,473,000 after acquiring an additional 27,110 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target 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. Royal Bank of Canada boosted 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 report on Monday, March 3rd. Keefe, Bruyette & Woods raised their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.30.

FS KKR Capital Stock Down 0.1 %

Shares of NYSE FSK opened at $20.96 on Tuesday. 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. The company’s 50 day moving average price is $22.51 and its 200-day moving average price is $21.50. The company has a market capitalization of $5.87 billion, a P/E ratio of 11.15 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. Equities 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 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 13.36%. FS KKR Capital’s payout ratio is currently 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.