LSV Asset Management Has $38.06 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

LSV Asset Management raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,905,718 shares of the company’s stock after acquiring an additional 67,900 shares during the period. LSV Asset Management owned about 0.68% of FS KKR Capital worth $38,057,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Great Valley Advisor Group Inc. lifted its holdings in FS KKR Capital by 8.0% during the fourth quarter. Great Valley Advisor Group Inc. now owns 42,686 shares of the company’s stock worth $852,000 after acquiring an additional 3,147 shares during the period. Andina Capital Management LLC bought a new position in FS KKR Capital in the 4th quarter worth approximately $935,000. Global Wealth Management Investment Advisory Inc. lifted its position in shares of FS KKR Capital by 2.9% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 31,920 shares of the company’s stock worth $637,000 after acquiring an additional 895 shares in the last quarter. Van ECK Associates Corp lifted its holdings in FS KKR Capital by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock worth $103,941,000 after purchasing an additional 494,184 shares in the last quarter. Finally, Naviter Wealth LLC boosted its position in shares of FS KKR Capital by 11.3% in the fourth quarter. Naviter Wealth LLC now owns 12,117 shares of the company’s stock valued at $250,000 after acquiring an additional 1,229 shares during the period. Institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FSK shares. Royal Bank of Canada lowered their price objective on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Truist Financial reduced their target price on 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. JPMorgan Chase & Co. increased their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price objective for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Finally, Hovde Group reaffirmed a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.17.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak purchased 7,300 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 39,800 shares in the company, valued at approximately $745,454. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.22% of the company’s stock.

FS KKR Capital Trading Up 0.8 %

Shares of FSK opened at $19.37 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99. The firm’s 50-day moving average price is $19.02 and its 200-day moving average price is $19.66. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 7.72 and a beta of 1.23.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $447.00 million for the quarter, compared to analyst estimates of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same period in the previous year, the company posted $0.81 earnings per share. Sell-side analysts anticipate that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 13.22%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s payout ratio is currently 102.81%.

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.