Concorde Asset Management LLC Invests $218,000 in FS KKR Capital Corp. (NYSE:FSK)

Concorde Asset Management LLC acquired a new position in FS KKR Capital Corp. (NYSE:FSK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,040 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in FS KKR Capital in the second quarter valued at $30,000. Ridgewood Investments LLC acquired a new stake in FS KKR Capital in the second quarter valued at $37,000. Rothschild Investment LLC acquired a new stake in FS KKR Capital in the second quarter valued at $39,000. Financial Gravity Asset Management Inc. boosted its stake in shares of FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after acquiring an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of FS KKR Capital during the second quarter valued at $50,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FSK. Wells Fargo & Company decreased their price objective on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada increased their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.06.

FS KKR Capital Stock Up 1.1 %

Shares of NYSE:FSK opened at $21.78 on Friday. The stock’s 50-day moving average price is $20.35 and its two-hundred day moving average price is $20.08. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.79. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 11.58 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period last year, the business posted $0.80 EPS. On average, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a dividend yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is 136.17%.

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.