HUB Investment Partners LLC Takes $222,000 Position in FS KKR Capital Corp. (NYSE:FSK)

HUB Investment Partners LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,200 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FSK. Generali Asset Management SPA SGR purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at about $17,608,000. Van ECK Associates Corp boosted its holdings in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of FS KKR Capital in the third quarter valued at about $7,830,000. Raymond James Financial Inc. purchased a new stake in FS KKR Capital during the fourth quarter worth about $6,499,000. Finally, Strategic Financial Concepts LLC boosted its holdings in FS KKR Capital by 2,029.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after buying an additional 289,278 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK opened at $20.69 on Friday. 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 has a market cap of $5.80 billion, a P/E ratio of 11.01 and a beta of 1.22. The company has a 50-day moving average of $22.61 and a two-hundred day moving average of $21.44. FS KKR Capital Corp. has a 12-month low of $18.53 and a 12-month high of $24.10.

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

FS KKR Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.53%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is presently 122.49%.

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. Keefe, Bruyette & Woods boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $21.00 to $19.00 in a report on Monday, March 17th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.30.

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.