FS KKR Capital Corp. (NYSE:FSK) Stake Raised by Hilton Capital Management LLC

Hilton Capital Management LLC increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 186,181 shares of the company’s stock after buying an additional 5,658 shares during the quarter. Hilton Capital Management LLC’s holdings in FS KKR Capital were worth $3,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at about $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital in the 2nd quarter valued at $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital during the second quarter valued at approximately $39,000. Financial Gravity Asset Management Inc. raised its stake in FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the period. Finally, New Millennium Group LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth about $50,000. 36.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FSK has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada upped their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Trading Up 1.5 %

Shares of FS KKR Capital stock opened at $21.56 on Wednesday. The stock has a market cap of $6.04 billion, a P/E ratio of 11.47 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.60. The business’s 50 day moving average is $20.23 and its 200-day moving average is $20.04.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same period in the previous year, the company posted $0.80 EPS. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This represents a yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is presently 136.17%.

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.