RFG Advisory LLC Has $2.24 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

RFG Advisory LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSKFree Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 117,519 shares of the company’s stock after selling 1,384 shares during the period. RFG Advisory LLC’s holdings in FS KKR Capital were worth $2,241,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of FS KKR Capital by 951.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after purchasing an additional 3,423,145 shares in the last quarter. Melia Wealth LLC acquired a new position in FS KKR Capital in the 4th quarter valued at approximately $13,520,000. MGO One Seven LLC raised its position in shares of FS KKR Capital by 2,065.4% during the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock worth $11,999,000 after acquiring an additional 573,086 shares during the last quarter. Edge Capital Group LLC bought a new position in FS KKR Capital during the fourth quarter worth $9,982,000. Finally, Van ECK Associates Corp raised its position in shares of FS KKR Capital by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock worth $103,941,000 after acquiring an additional 494,184 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

FS KKR Capital stock traded down $0.16 during mid-day trading on Friday, hitting $19.40. 4,085,479 shares of the company traded hands, compared to its average volume of 1,137,976. The stock has a fifty day moving average price of $19.76 and a 200-day moving average price of $19.76. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 8.07 and a beta of 1.24. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26.

FS KKR Capital (NYSE:FSKGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. The firm had revenue of $434.00 million for the quarter, compared to analyst estimates of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. On average, equities analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.80 annualized dividend and a dividend yield of 14.43%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s payout ratio is currently 106.67%.

Analyst Upgrades and Downgrades

FSK has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada decreased their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. B. Riley restated a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Finally, Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.28.

View Our Latest Report on FS KKR Capital

Insiders Place Their Bets

In other news, Director Barbara Adams bought 3,381 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the acquisition, the director now owns 22,082 shares in the company, valued at approximately $443,848.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

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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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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