FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Comerica Bank

Comerica Bank increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,216 shares of the company’s stock after acquiring an additional 851 shares during the quarter. Comerica Bank’s holdings in FS KKR Capital were worth $309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC increased its stake in shares of FS KKR Capital by 86.3% in the fourth 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 period. Inspire Advisors LLC boosted its holdings in 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 position 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 in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock valued at $4,473,000 after acquiring an additional 27,110 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $348,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. B. Riley initiated coverage on shares of FS KKR Capital in a report on Tuesday. They set a “neutral” rating and a $19.00 price target on the stock. Royal Bank of Canada cut their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.50.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $21.21 on Friday. 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 firm’s 50-day simple moving average is $20.12 and its 200-day simple moving average is $21.39. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10. The firm has a market cap of $5.94 billion, a P/E ratio of 11.28 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue was down 7.8% on a year-over-year basis. As a group, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 12.07%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s dividend payout ratio is currently 134.74%.

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.