Oxford Asset Management LLP bought a new stake in FS KKR Capital Corp (NYSE:FSK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 118,637 shares of the company’s stock, valued at approximately $727,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can acquired a new position in shares of FS KKR Capital in the 4th quarter valued at $1,040,000. Russell Investments Group Ltd. acquired a new position in FS KKR Capital in the 4th quarter valued at about $336,000. Sunbelt Securities Inc. increased its stake in shares of FS KKR Capital by 7.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 42,800 shares of the company’s stock valued at $250,000 after acquiring an additional 2,800 shares during the last quarter. PFG Advisors increased its stake in shares of FS KKR Capital by 27.9% during the 4th quarter. PFG Advisors now owns 45,360 shares of the company’s stock valued at $285,000 after acquiring an additional 9,883 shares during the last quarter. Finally, F3Logic LLC increased its stake in shares of FS KKR Capital by 10.0% during the 4th quarter. F3Logic LLC now owns 302,206 shares of the company’s stock valued at $1,855,000 after acquiring an additional 27,466 shares during the last quarter. Institutional investors and hedge funds own 29.68% of the company’s stock.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. ValuEngine downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Co dropped their price objective on shares of FS KKR Capital from $6.25 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.84.
In related news, Director James H. Kropp purchased 10,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $5.75 per share, for a total transaction of $57,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard I. Goldstein purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was bought at an average price of $5.52 per share, with a total value of $27,600.00. The disclosure for this purchase can be found here. Insiders have bought a total of 48,560 shares of company stock valued at $237,965 in the last quarter. Company insiders own 0.07% of the company’s stock.
Shares of NYSE FSK traded up $0.37 on Thursday, reaching $3.21. 6,559,965 shares of the company traded hands, compared to its average volume of 7,478,638. FS KKR Capital Corp has a fifty-two week low of $1.90 and a fifty-two week high of $6.40. The company has a 50 day moving average of $5.06 and a 200 day moving average of $5.79. The company has a current ratio of 4.85, a quick ratio of 4.85 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.43 billion, a PE ratio of 6.83 and a beta of 1.16.
FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. FS KKR Capital had a net margin of 31.58% and a return on equity of 10.33%. The company had revenue of $186.00 million during the quarter, compared to the consensus estimate of $194.22 million. As a group, research analysts expect that FS KKR Capital Corp will post 0.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 23.68%. The ex-dividend date of this dividend is Tuesday, March 17th. FS KKR Capital’s payout ratio is currently 95.00%.
FS KKR Capital Company Profile
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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