Norden Group LLC Grows Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Norden Group LLC increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 45.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,748 shares of the company’s stock after buying an additional 5,238 shares during the quarter. Norden Group LLC’s holdings in FS KKR Capital were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Mackenzie Financial Corp purchased a new position in FS KKR Capital during the first quarter worth about $2,109,000. LPL Financial LLC lifted its position in FS KKR Capital by 2.8% during the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock worth $77,144,000 after buying an additional 98,647 shares during the period. Inspire Advisors LLC lifted its position in FS KKR Capital by 27.2% during the first quarter. Inspire Advisors LLC now owns 139,793 shares of the company’s stock worth $2,929,000 after buying an additional 29,874 shares during the period. Cetera Investment Advisers lifted its position in FS KKR Capital by 4.8% during the first quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock worth $20,303,000 after buying an additional 44,087 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in FS KKR Capital by 1.6% during the first quarter. Avantax Advisory Services Inc. now owns 409,159 shares of the company’s stock worth $8,572,000 after buying an additional 6,423 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $21.31 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.09 and a current ratio of 2.09. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The stock’s 50-day moving average is $21.32 and its 200-day moving average is $21.37.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a return on equity of 11.78% and a net margin of 31.53%. The company’s revenue was down 7.8% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.01%. FS KKR Capital’s payout ratio is currently 134.74%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSK. B. Riley began coverage on FS KKR Capital in a research report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 target price on the stock. Wells Fargo & Company cut their price objective on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Oppenheimer cut their price objective on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Friday, May 9th. Royal Bank Of Canada cut their price objective on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average price target of $19.50.

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.