abrdn plc Has $2.18 Million Position in FS KKR Capital Corp. (NYSE:FSK)

abrdn plc increased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 40.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 109,107 shares of the company’s stock after buying an additional 31,665 shares during the quarter. abrdn plc’s holdings in FS KKR Capital were worth $2,179,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FSK. International Assets Investment Management LLC boosted its holdings in shares of FS KKR Capital by 951.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after purchasing an additional 3,423,145 shares during the period. Melia Wealth LLC acquired a new stake in shares of FS KKR Capital during the fourth quarter worth approximately $13,520,000. Van ECK Associates Corp boosted its holdings in shares of FS KKR Capital by 10.7% during the third quarter. Van ECK Associates Corp now owns 4,710,646 shares of the company’s stock worth $92,753,000 after purchasing an additional 456,657 shares during the period. Tudor Investment Corp Et Al boosted its holdings in shares of FS KKR Capital by 206.4% during the third quarter. Tudor Investment Corp Et Al now owns 485,553 shares of the company’s stock worth $9,561,000 after purchasing an additional 327,060 shares during the period. Finally, WealthPlan Investment Management LLC acquired a new stake in shares of FS KKR Capital during the third quarter worth approximately $5,576,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Truist Financial decreased their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their target price for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Hovde Group reiterated a “market perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods reduced their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.17.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak bought 7,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the purchase, the insider now directly owns 39,800 shares in the company, valued at $745,454. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.22% of the company’s stock.

FS KKR Capital Price Performance

NYSE FSK opened at $19.33 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. The company has a fifty day simple moving average of $19.11 and a 200 day simple moving average of $19.67. The company has a market cap of $5.41 billion, a P/E ratio of 7.76 and a beta of 1.25. FS KKR Capital Corp. has a 1 year low of $17.50 and a 1 year high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same period in the prior year, the firm earned $0.81 EPS. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 13.24%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s payout ratio is currently 102.81%.

FS KKR Capital Company 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.