Steward Partners Investment Advisory LLC Purchases 19,344 Shares of FS KKR Capital Corp. (NYSE:FSK)

Steward Partners Investment Advisory LLC boosted its position in FS KKR Capital Corp. (NYSE:FSK) by 45.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 61,970 shares of the company’s stock after purchasing an additional 19,344 shares during the period. Steward Partners Investment Advisory LLC’s holdings in FS KKR Capital were worth $1,346,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSK. James Reed Financial Services Inc. acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $344,000. Meridian Wealth Management LLC lifted its holdings in FS KKR Capital by 4.8% during the 4th quarter. Meridian Wealth Management LLC now owns 21,463 shares of the company’s stock valued at $466,000 after purchasing an additional 982 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after purchasing an additional 1,554 shares during the last quarter. Norden Group LLC bought a new position in FS KKR Capital during the fourth quarter worth $250,000. Finally, Maia Wealth LLC increased its holdings in shares of FS KKR Capital by 11.4% in the fourth quarter. Maia Wealth LLC now owns 638,109 shares of the company’s stock valued at $14,543,000 after purchasing an additional 65,245 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FSK. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Royal Bank of Canada lifted their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.70.

FS KKR Capital Stock Up 3.0 %

Shares of FSK opened at $22.94 on Monday. The firm’s 50 day moving average is $22.69 and its 200-day moving average is $21.37. The stock has a market capitalization of $6.42 billion, a PE ratio of 12.20 and a beta of 1.22. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Equities research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.21%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

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.