LSV Asset Management Has $37.50 Million Holdings in FS KKR Capital Corp. (NYSE:FSK)

LSV Asset Management boosted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,966,418 shares of the company’s stock after acquiring an additional 60,700 shares during the quarter. LSV Asset Management owned 0.70% of FS KKR Capital worth $37,500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FSK. Van ECK Associates Corp lifted its holdings in shares of FS KKR Capital by 26.9% during the 1st quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock valued at $125,935,000 after buying an additional 1,398,998 shares during the last quarter. Commonwealth Equity Services LLC increased its position in FS KKR Capital by 3.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,331,784 shares of the company’s stock worth $82,607,000 after buying an additional 141,625 shares during the period. International Assets Investment Management LLC increased its position in 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 worth $75,547,000 after buying an additional 3,423,145 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in FS KKR Capital by 1.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,143,793 shares of the company’s stock worth $40,882,000 after buying an additional 34,416 shares during the period. Finally, Strong Tower Advisory Services increased its position in FS KKR Capital by 1.2% in the 1st quarter. Strong Tower Advisory Services now owns 907,303 shares of the company’s stock worth $17,202,000 after buying an additional 10,846 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on FSK. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. B. Riley reissued a “buy” rating and set a $21.00 price objective (up previously from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. Finally, Wells Fargo & Company raised FS KKR Capital from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $21.00 in a research note on Wednesday, May 29th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.28.

FS KKR Capital Trading Up 0.2 %

Shares of FS KKR Capital stock traded up $0.04 during trading hours on Friday, hitting $20.34. The company’s stock had a trading volume of 667,935 shares, compared to its average volume of 1,533,203. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $20.99. The stock has a 50 day moving average of $19.99 and a 200 day moving average of $19.76. The company has a market capitalization of $5.70 billion, a PE ratio of 8.48 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $434.00 million during the quarter, compared to analysts’ expectations of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. Analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th were given a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a dividend yield of 13.77%. The ex-dividend date was Wednesday, June 12th. FS KKR Capital’s dividend payout ratio is currently 106.67%.

Insider Transactions at FS KKR Capital

In related news, Director Barbara Adams purchased 3,381 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost of $20.10 per share, with a total value of $67,958.10. Following the completion of the transaction, the director now owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

FS KKR Capital 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.