13,383 Shares in FS KKR Capital Corp. (NYSE:FSK) Acquired by Intellectus Partners LLC

Intellectus Partners LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,383 shares of the company’s stock, valued at approximately $271,000.

A number of other hedge funds also recently made changes to their positions in FSK. Center for Financial Planning Inc. lifted its stake in shares of FS KKR Capital by 147.6% in the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after acquiring an additional 1,179 shares in the last quarter. Planned Solutions Inc. purchased a new stake in FS KKR Capital during the 4th quarter worth approximately $40,000. Provence Wealth Management Group acquired a new position in shares of FS KKR Capital in the 3rd quarter valued at approximately $45,000. Citigroup Inc. boosted its stake in shares of FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock valued at $49,000 after buying an additional 2,114 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of FS KKR Capital by 20.8% during the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after buying an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.6 %

Shares of NYSE:FSK opened at $19.22 on Tuesday. FS KKR Capital Corp. has a fifty-two week low of $17.50 and a fifty-two week high of $20.99. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. The company has a market cap of $5.38 billion, a PE ratio of 7.72 and a beta of 1.25. The company’s 50-day moving average price is $19.09 and its 200 day moving average price is $19.67.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same quarter in the previous year, the company posted $0.81 earnings per share. Sell-side analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were given a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a yield of 13.32%. FS KKR Capital’s dividend payout ratio (DPR) is presently 102.81%.

Analyst Upgrades and Downgrades

FSK has been the topic of several research analyst reports. Hovde Group restated a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, February 28th. Royal Bank of Canada reduced their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. Finally, Wells Fargo & Company lifted their target price on FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.17.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $18.73 per share, with a total value of $136,729.00. Following the completion of the acquisition, the insider now owns 39,800 shares of the company’s stock, valued at $745,454. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by insiders.

FS KKR Capital 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.