Pineridge Advisors LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Pineridge Advisors LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,428 shares of the company’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at $395,000. GSA Capital Partners LLP grew its stake in shares of FS KKR Capital by 92.7% in the fourth quarter. GSA Capital Partners LLP now owns 139,440 shares of the company’s stock valued at $2,785,000 after acquiring an additional 67,097 shares in the last quarter. United Advisor Group LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at about $2,916,000. Financial Network Wealth Advisors LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at about $315,000. Finally, Buckingham Strategic Partners LLC grew its stake in shares of FS KKR Capital by 7.7% in the fourth quarter. Buckingham Strategic Partners LLC now owns 111,185 shares of the company’s stock valued at $2,220,000 after acquiring an additional 7,931 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on FSK. Wells Fargo & Company upgraded shares of FS KKR Capital from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $21.00 in a research note on Wednesday, May 29th. Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. Hovde Group reiterated 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. B. Riley reiterated a “buy” rating and set a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Finally, Truist Financial reduced their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.28.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, Director Barbara Adams purchased 3,381 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average price of $20.10 per share, with a total value of $67,958.10. Following the transaction, the director now owns 22,082 shares in the company, valued at approximately $443,848.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Up 0.2 %

NYSE FSK traded up $0.04 during trading hours on Friday, reaching $19.53. The company’s stock had a trading volume of 1,175,863 shares, compared to its average volume of 1,161,229. The firm has a fifty day simple moving average of $19.73 and a 200-day simple moving average of $19.78. The stock has a market cap of $5.47 billion, a P/E ratio of 8.14 and a beta of 1.24. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $434.00 million during the quarter, compared to analyst estimates of $429.46 million. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. Equities analysts forecast that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th will be given a dividend of $0.70 per share. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.80 annualized dividend and a dividend yield of 14.34%. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

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.