Thrivent Financial for Lutherans Increases Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Thrivent Financial for Lutherans grew its position in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 43.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,537 shares of the company’s stock after purchasing an additional 10,509 shares during the period. Thrivent Financial for Lutherans’ holdings in FS KKR Capital were worth $604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of FS KKR Capital by 11.2% during the 4th quarter. Van ECK Associates Corp now owns 3,937,600 shares of the company’s stock valued at $68,908,000 after acquiring an additional 396,674 shares during the period. LSV Asset Management increased its stake in shares of FS KKR Capital by 16.2% in the third quarter. LSV Asset Management now owns 2,047,340 shares of the company’s stock worth $34,702,000 after purchasing an additional 285,050 shares in the last quarter. River Road Asset Management LLC increased its stake in shares of FS KKR Capital by 1.5% in the fourth quarter. River Road Asset Management LLC now owns 1,830,064 shares of the company’s stock worth $32,026,000 after purchasing an additional 27,198 shares in the last quarter. Legal & General Group Plc increased its stake in shares of FS KKR Capital by 15.0% in the second quarter. Legal & General Group Plc now owns 1,804,962 shares of the company’s stock worth $35,043,000 after purchasing an additional 235,373 shares in the last quarter. Finally, Ares Management LLC boosted its position in shares of FS KKR Capital by 11.7% in the first quarter. Ares Management LLC now owns 1,710,937 shares of the company’s stock valued at $39,044,000 after acquiring an additional 178,532 shares during the period. Hedge funds and other institutional investors own 41.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FSK shares. Keefe, Bruyette & Woods raised their price objective on shares of FS KKR Capital from $21.00 to $21.50 and gave the company a “market perform” rating in a research report on Wednesday, March 1st. Wells Fargo & Company lifted their target price on shares of FS KKR Capital from $18.50 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 1st. TheStreet raised shares of FS KKR Capital from a “c” rating to a “b-” rating in a research note on Tuesday, May 16th. Finally, Oppenheimer assumed coverage on shares of FS KKR Capital in a research report on Tuesday, April 11th. They set a “market perform” rating and a $21.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average target price of $21.25.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $19.03 on Friday. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 79.33 and a beta of 1.40. The firm’s 50-day moving average is $18.56 and its 200 day moving average is $18.82. FS KKR Capital Corp. has a 1 year low of $16.70 and a 1 year high of $22.57. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.86 and a quick ratio of 1.86.

FS KKR Capital (NYSE:FSK – Get Rating) last posted its earnings results on Monday, February 27th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06. The business had revenue of $449.00 million for the quarter, compared to analysts’ expectations of $431.49 million. FS KKR Capital had a net margin of 3.89% and a return on equity of 11.82%. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Sell-side analysts anticipate that FS KKR Capital Corp. will post 3.11 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 13.45%. The ex-dividend date is Tuesday, June 13th. FS KKR Capital’s dividend payout ratio is 1,066.67%.

Insider Buying and Selling at FS KKR Capital

In related news, Director Elizabeth Sandler acquired 2,500 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was acquired at an average cost of $19.64 per share, with a total value of $49,100.00. Following the acquisition, the director now directly owns 4,640 shares in the company, valued at approximately $91,129.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Barbara Adams purchased 3,572 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average cost of $19.08 per share, for a total transaction of $68,153.76. Following the completion of the transaction, the director now directly owns 16,387 shares in the company, valued at $312,663.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth Sandler bought 2,500 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were acquired at an average price of $19.64 per share, with a total value of $49,100.00. Following the completion of the transaction, the director now owns 4,640 shares of the company’s stock, valued at approximately $91,129.60. The disclosure for this purchase can be found here. Insiders purchased a total of 9,072 shares of company stock valued at $176,324 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

FS KKR Capital Profile

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FS KKR Capital Corp investment company located in US with an EBITDA of $25 to $100 million. The fund focus on Broad range of sectors. It participates in debt and buyout capital transactions.