Principal Street Partners LLC Increases Holdings in FS KKR Capital Corp. (NYSE:FSK)

Principal Street Partners LLC raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 108.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,874 shares of the company’s stock after acquiring an additional 13,992 shares during the period. Principal Street Partners LLC’s holdings in FS KKR Capital were worth $530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FSK. Wedbush Securities Inc. raised its holdings in FS KKR Capital by 1.4% in the 2nd quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock worth $797,000 after acquiring an additional 573 shares during the last quarter. Wescott Financial Advisory Group LLC raised its stake in shares of FS KKR Capital by 2.9% in the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after purchasing an additional 600 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of FS KKR Capital by 3.2% during the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after purchasing an additional 719 shares in the last quarter. Centaurus Financial Inc. boosted its position in shares of FS KKR Capital by 0.8% during the third quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after buying an additional 935 shares during the last quarter. Finally, Souders Financial Advisors increased its holdings in FS KKR Capital by 3.9% in the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock worth $497,000 after buying an additional 950 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of 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 decreased their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average target price of $20.06.

FS KKR Capital Stock Performance

Shares of FSK traded down $0.08 on Tuesday, reaching $21.93. The company’s stock had a trading volume of 66,989 shares, compared to its average volume of 1,402,761. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $22.11. The stock has a market capitalization of $6.14 billion, a P/E ratio of 11.71 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock’s 50 day simple moving average is $20.44 and its two-hundred day simple moving average is $20.12.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter in the previous year, the firm posted $0.80 EPS. Research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

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

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.