US Bancorp DE Has $316,000 Stock Position in FS KKR Capital Corp. (NYSE:FSK)

US Bancorp DE boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 16.8% in the first quarter, Holdings Channel.com reports. The firm owned 15,091 shares of the company’s stock after purchasing an additional 2,175 shares during the period. US Bancorp DE’s holdings in FS KKR Capital were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. boosted its position in FS KKR Capital by 12.4% during the first quarter. Harbour Investments Inc. now owns 440,063 shares of the company’s stock valued at $9,219,000 after purchasing an additional 48,416 shares during the last quarter. MGO One Seven LLC lifted its position in shares of FS KKR Capital by 6.1% in the first quarter. MGO One Seven LLC now owns 483,481 shares of the company’s stock worth $10,129,000 after buying an additional 27,750 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of FS KKR Capital by 4.2% in the first quarter. Arkadios Wealth Advisors now owns 218,721 shares of the company’s stock worth $4,582,000 after buying an additional 8,773 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of FS KKR Capital in the first quarter worth about $201,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of FS KKR Capital by 88.5% in the first quarter. Geneos Wealth Management Inc. now owns 644,908 shares of the company’s stock worth $13,511,000 after buying an additional 302,773 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Up 1.0%

FS KKR Capital stock opened at $17.90 on Thursday. The business has a 50 day moving average price of $20.93 and a two-hundred day moving average price of $21.16. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital Corp. has a 12 month low of $17.40 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). The firm had revenue of $398.00 million during the quarter, compared to analyst estimates of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same period last year, the company earned $0.75 EPS. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be issued a $0.70 dividend. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $2.80 annualized dividend and a yield of 15.6%. FS KKR Capital’s payout ratio is currently 328.21%.

Wall Street Analyst Weigh In

FSK has been the subject of a number of analyst reports. Oppenheimer reduced their price target on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a research report on Friday, August 8th. Finally, B. Riley initiated coverage on FS KKR Capital in a research report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and a consensus target price of $18.92.

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.