Partners Group Holding AG Has $5.28 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Partners Group Holding AG lowered its holdings in FS KKR Capital Corp. (NYSE:FSK) by 8.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 267,807 shares of the company’s stock after selling 24,452 shares during the quarter. Partners Group Holding AG’s holdings in FS KKR Capital were worth $5,284,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FSK. Summit Securities Group LLC bought a new position in shares of FS KKR Capital in the second quarter valued at $30,000. Ridgewood Investments LLC purchased a new stake in shares of FS KKR Capital in the second quarter worth approximately $37,000. Rothschild Investment LLC bought a new position in shares of FS KKR Capital in the second quarter valued at approximately $39,000. Financial Gravity Asset Management Inc. boosted its position 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 buying an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in FS KKR Capital during the second quarter worth $50,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on FSK. Royal Bank of Canada raised 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. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.06.

FS KKR Capital Stock Up 1.1 %

FS KKR Capital stock opened at $22.01 on Tuesday. The firm has a 50 day moving average price of $20.44 and a 200-day moving average price of $20.12. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $22.11. The company has a market capitalization of $6.16 billion, a P/E ratio of 11.71 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.80 EPS. As a group, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is presently 136.17%.

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.