Quantbot Technologies LP Increases Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Quantbot Technologies LP increased its position in FS KKR Capital Corp. (NYSE:FSK) by 384.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,470 shares of the company’s stock after buying an additional 39,259 shares during the quarter. Quantbot Technologies LP’s holdings in FS KKR Capital were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSK. Van ECK Associates Corp raised its holdings in shares of FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after purchasing an additional 356,704 shares during the period. Commonwealth Equity Services LLC raised its holdings in FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock valued at $84,487,000 after buying an additional 188,542 shares during the period. LPL Financial LLC lifted its position in FS KKR Capital by 1.8% during the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock valued at $66,141,000 after buying an additional 59,240 shares in the last quarter. International Assets Investment Management LLC grew its stake in FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after buying an additional 3,012,711 shares during the period. Finally, Strong Tower Advisory Services increased its position in shares of FS KKR Capital by 5.4% in the third quarter. Strong Tower Advisory Services now owns 1,034,395 shares of the company’s stock worth $20,409,000 after acquiring an additional 53,125 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FSK shares. Wells Fargo & Company reduced their target price 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. Royal Bank of Canada boosted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.06.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $22.22 on Monday. 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 company’s fifty day moving average price is $20.63 and its two-hundred day moving average price is $20.18. The firm has a market capitalization of $6.22 billion, a P/E ratio of 11.82 and a beta of 1.25. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $22.39.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.80 earnings per share. On average, research analysts anticipate 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 announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is 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.