FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 407,510 shares of the company’s stock after buying an additional 47,254 shares during the period. Franklin Resources Inc.’s holdings in FS KKR Capital were worth $8,851,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. McIlrath & Eck LLC lifted its holdings in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after buying an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the 4th quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. increased its position in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after buying an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at $69,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FSK has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods cut their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday. Wells Fargo & Company lowered shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. Royal Bank of Canada boosted their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Finally, B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.70.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $17.94 on Wednesday. FS KKR Capital Corp. has a 1 year low of $17.72 and a 1 year high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a 50 day moving average price of $22.09 and a 200 day moving average price of $21.48. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 9.54 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 15.60%. FS KKR Capital’s dividend payout ratio is presently 122.49%.

FS KKR Capital Company 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.