Rockefeller Capital Management L.P. Grows Position in FS KKR Capital Corp. (NYSE:FSK)

Rockefeller Capital Management L.P. grew its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 755,872 shares of the company’s stock after purchasing an additional 36,461 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in FS KKR Capital were worth $14,913,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FSK. Summit Securities Group LLC purchased a new position in FS KKR Capital in the second quarter valued at $30,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter valued at about $37,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter valued at about $39,000. Financial Gravity Asset Management Inc. raised its holdings in FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares during the period. Finally, New Millennium Group LLC purchased a new position in FS KKR Capital during the second quarter worth approximately $50,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 1.1 %

NYSE FSK opened at $21.99 on Tuesday. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $22.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The business has a fifty day moving average price of $20.68 and a 200 day moving average price of $20.20. The company has a market cap of $6.16 billion, a P/E ratio of 11.69 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $0.80 earnings per share. Research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.70 dividend. 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 dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio is 136.17%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FSK. Royal Bank of Canada boosted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.19.

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.