Eagle Global Advisors LLC Raises Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Eagle Global Advisors LLC grew its stake in FS KKR Capital Corp. (NYSE:FSK) by 25.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,315 shares of the company’s stock after buying an additional 8,975 shares during the period. Eagle Global Advisors LLC’s holdings in FS KKR Capital were worth $885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSK. International Assets Investment Management LLC increased its position in FS KKR Capital by 951.3% in the fourth 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 in the last quarter. Melia Wealth LLC bought a new position in shares of FS KKR Capital in the fourth quarter worth about $13,520,000. Van ECK Associates Corp boosted its stake in shares of FS KKR Capital by 10.5% in the fourth quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock worth $103,941,000 after acquiring an additional 494,184 shares during the period. Tudor Investment Corp Et Al boosted its stake in shares of FS KKR Capital by 206.4% in the third quarter. Tudor Investment Corp Et Al now owns 485,553 shares of the company’s stock worth $9,561,000 after acquiring an additional 327,060 shares during the period. Finally, WealthPlan Investment Management LLC bought a new position in shares of FS KKR Capital in the third quarter worth about $5,576,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

FS KKR Capital stock traded up $0.21 during midday trading on Friday, reaching $20.11. 723,415 shares of the stock traded hands, compared to its average volume of 1,294,664. The stock’s fifty day moving average is $19.31 and its 200-day moving average is $19.73. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $20.99. The stock has a market cap of $5.63 billion, a P/E ratio of 8.38 and a beta of 1.23. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $452.39 million. During the same period in the prior year, the business posted $0.81 earnings per share. As a group, equities research analysts anticipate that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, June 12th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a yield of 13.92%. FS KKR Capital’s dividend payout ratio is 106.67%.

Insider Buying and Selling at FS KKR Capital

In related news, Director Barbara Adams acquired 3,381 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were acquired at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the transaction, the director now directly owns 22,082 shares in the company, valued at approximately $443,848.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other FS KKR Capital news, Director Barbara Adams purchased 3,381 shares of FS KKR Capital stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the acquisition, the director now owns 22,082 shares in the company, valued at approximately $443,848.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the acquisition, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,681 shares of company stock worth $223,487 over the last ninety days. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Compass Point lowered FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. JPMorgan Chase & Co. upped their price objective on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Truist Financial dropped their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Hovde Group reaffirmed a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, February 28th. Finally, B. Riley reissued a “buy” rating and set a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.17.

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.