FS KKR Capital Corp. (NYSE:FSK) is Fountainhead AM LLC’s 10th Largest Position

Fountainhead AM LLC increased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 633,998 shares of the company’s stock after purchasing an additional 48,165 shares during the period. FS KKR Capital makes up approximately 3.5% of Fountainhead AM LLC’s portfolio, making the stock its 10th largest position. Fountainhead AM LLC owned about 0.23% of FS KKR Capital worth $12,661,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. grew its position in FS KKR Capital by 147.6% during the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after buying an additional 1,179 shares during the period. Planned Solutions Inc. acquired a new position in FS KKR Capital during the fourth quarter worth about $40,000. Provence Wealth Management Group acquired a new position in FS KKR Capital during the third quarter worth about $45,000. Citigroup Inc. grew its position in FS KKR Capital by 587.2% during the third quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after buying an additional 2,114 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in FS KKR Capital by 20.8% during the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after buying an additional 575 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Daniel Pietrzak acquired 7,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FSK. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. Royal Bank of Canada lowered their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Wells Fargo & Company increased their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Hovde Group reiterated a “market perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.17.

FS KKR Capital Stock Performance

FSK stock remained flat at $19.43 during mid-day trading on Tuesday. 1,188,042 shares of the company’s stock traded hands, compared to its average volume of 1,710,351. The firm has a market cap of $5.44 billion, a P/E ratio of 7.80 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital Corp. has a 52 week low of $17.50 and a 52 week high of $20.99. The stock’s fifty day moving average is $19.16 and its two-hundred day moving average is $19.67.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The company had revenue of $447.00 million during the quarter, compared to analyst estimates of $452.39 million. During the same period last year, the business earned $0.81 EPS. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 13.18%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is presently 102.81%.

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.