Fortis Capital Advisors LLC Takes Position in FS KKR Capital Corp. (NYSE:FSK)

Fortis Capital Advisors LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of FS KKR Capital by 951.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock valued at $75,547,000 after purchasing an additional 3,423,145 shares during the last quarter. Melia Wealth LLC purchased a new position in shares of FS KKR Capital in the 4th quarter valued at $13,520,000. Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock valued at $103,941,000 after acquiring an additional 494,184 shares during the period. Tudor Investment Corp Et Al raised its stake in shares of FS KKR Capital by 206.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 485,553 shares of the company’s stock valued at $9,561,000 after acquiring an additional 327,060 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new position in shares of FS KKR Capital in the 3rd quarter valued at $5,576,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Up 1.1 %

Shares of FSK traded up $0.21 during midday trading on Friday, hitting $20.11. The company had a trading volume of 723,415 shares, compared to its average volume of 1,294,664. The company’s 50 day moving average price is $19.31 and its 200 day moving average price is $19.73. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 8.38 and a beta of 1.23. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, equities research analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th will be issued a $0.70 dividend. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, June 12th. This represents a $2.80 annualized dividend and a dividend yield of 13.92%. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak bought 7,300 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel Pietrzak bought 7,300 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased 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 directly owns 39,800 shares in the company, valued at $745,454. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara Adams purchased 3,381 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average price of $20.10 per share, with a total value of $67,958.10. Following the transaction, the director now directly owns 22,082 shares in the company, valued at $443,848.20. The disclosure for this purchase can be found here. Insiders purchased 11,681 shares of company stock worth $223,487 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FSK shares. Truist Financial cut their target price 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. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. B. Riley reaffirmed a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Finally, Wells Fargo & Company lifted their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock 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 MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average target price of $20.17.

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.