Jaffetilchin Investment Partners LLC Has $377,000 Stake in FS KKR Capital Corp. (NYSE:FSK)

Jaffetilchin Investment Partners LLC raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 123.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,377 shares of the company’s stock after purchasing an additional 9,614 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in FS KKR Capital were worth $377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in shares of FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after acquiring an additional 673,420 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of FS KKR Capital by 2.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock worth $94,989,000 after purchasing an additional 91,192 shares during the period. LPL Financial LLC increased its position in shares of FS KKR Capital by 3.5% during the fourth quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock worth $77,837,000 after buying an additional 119,593 shares during the period. Transcend Capital Advisors LLC raised its stake in FS KKR Capital by 10.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock worth $29,862,000 after buying an additional 128,856 shares during the last quarter. Finally, Strong Tower Advisory Services raised its stake in FS KKR Capital by 3.5% during the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock worth $23,252,000 after buying an additional 36,127 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on FSK. Wells Fargo & Company downgraded FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $21.00 to $19.00 in a report on Monday, March 17th. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.70.

FS KKR Capital Stock Up 0.1 %

Shares of NYSE:FSK opened at $18.69 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The business’s 50 day simple moving average is $21.76 and its two-hundred day simple moving average is $21.46. The firm has a market cap of $5.23 billion, a P/E ratio of 9.94 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.98%. FS KKR Capital’s dividend payout ratio is presently 122.49%.

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.