XTX Topco Ltd Boosts Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)
XTX Topco Ltd increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 75.9% in Q4, owning 53,224 shares valued at $1,156,000. Other institutional investors also raised their holdings. Analysts have mixed ratings on FSK, with an average target price of $20.70. The stock opened at $18.94, with a market cap of $5.30 billion and a P/E ratio of 10.07. FS KKR recently announced a quarterly dividend of $0.70 per share, yielding 14.78%.
XTX Topco Ltd lifted its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 75.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,224 shares of the company's stock after buying an additional 22,961 shares during the period. XTX Topco Ltd's holdings in FS KKR Capital were worth $1,156,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors also recently modified their holdings of FSK. Van ECK Associates Corp grew its position in FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock worth $139,469,000 after acquiring an additional 673,420 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of FS KKR Capital by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company's stock worth $94,989,000 after purchasing an additional 91,192 shares during the last quarter. LPL Financial LLC increased its stake in shares of FS KKR Capital by 3.5% in the fourth quarter. LPL Financial LLC now owns 3,583,642 shares of the company's stock worth $77,837,000 after buying an additional 119,593 shares during the period. Transcend Capital Advisors LLC raised its holdings in FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock valued at $29,862,000 after buying an additional 128,856 shares during the last quarter. Finally, Strong Tower Advisory Services boosted its position in FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company's stock valued at $23,252,000 after buying an additional 36,127 shares during the period. Institutional investors own 36.26% of the company's stock.
Analyst Upgrades and Downgrades
FSK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lowered FS KKR Capital from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $21.00 to $19.00 in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.70.
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FS KKR Capital Stock Up 1.2 %
Shares of NYSE:FSK opened at $18.94 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The firm has a market capitalization of $5.30 billion, a P/E ratio of 10.07 and a beta of 0.98. The stock has a 50 day moving average price of $21.68 and a 200-day moving average price of $21.47.
FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. As a group, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.
FS KKR Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 14.78%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital's payout ratio is currently 122.49%.
FS KKR Capital Profile
(Free Report)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.
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