Tennessee Valley Asset Management Partners Invests $89,000 in FS KKR Capital Corp. (NYSE:FSK)

Tennessee Valley Asset Management Partners bought a new position in FS KKR Capital Corp. (NYSE:FSK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,479 shares of the company’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds have also modified their holdings of FSK. Center for Financial Planning Inc. boosted its holdings in shares of FS KKR Capital by 147.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after acquiring an additional 1,179 shares in the last quarter. Planned Solutions Inc. acquired a new position in shares of FS KKR Capital in the 4th quarter worth approximately $40,000. Provence Wealth Management Group acquired a new position in shares of FS KKR Capital in the 3rd quarter worth approximately $45,000. Citigroup Inc. boosted its holdings in shares of FS KKR Capital by 587.2% in the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after acquiring an additional 2,114 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in FS KKR Capital by 20.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after purchasing an additional 575 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Hovde Group restated a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Truist Financial dropped their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. Wells Fargo & Company boosted their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada dropped their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Eight research 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, the company currently has an average rating of “Hold” and a consensus price target of $20.17.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $19.43 on Tuesday. FS KKR Capital Corp. has a 52 week low of $17.50 and a 52 week high of $20.99. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 7.80 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a fifty day moving average of $19.17 and a two-hundred day moving average of $19.67.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting 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 quarter in the previous year, the business earned $0.81 EPS. As a group, equities research analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The company 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 102.81%.

Insider Activity

In other news, insider Daniel Pietrzak purchased 7,300 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $18.73 per share, with a total value of $136,729.00. Following the acquisition, the insider now directly owns 39,800 shares of the company’s stock, valued at $745,454. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is owned by company insiders.

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.