FS KKR Capital Corp. (NYSE:FSK) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,502 shares of the company’s stock after purchasing an additional 30,020 shares during the quarter. HighTower Advisors LLC’s holdings in FS KKR Capital were worth $5,072,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Kendall Capital Management raised its position in shares of FS KKR Capital by 2.3% during the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock worth $497,000 after buying an additional 517 shares in the last quarter. Endowment Wealth Management Inc. increased its stake in shares of FS KKR Capital by 0.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock valued at $1,977,000 after acquiring an additional 582 shares during the period. Wescott Financial Advisory Group LLC raised its holdings in FS KKR Capital by 2.9% during the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after purchasing an additional 600 shares in the last quarter. Lloyd Advisory Services LLC. lifted its position in FS KKR Capital by 6.7% in the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock worth $232,000 after purchasing an additional 667 shares during the period. Finally, McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the topic of a number of research reports. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $21.00 to $19.00 in a research note on Monday. Royal Bank of Canada increased their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.30.

FS KKR Capital Trading Down 3.6 %

Shares of FSK opened at $20.48 on Thursday. The business’s 50-day moving average price is $22.64 and its 200 day moving average price is $21.43. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $5.74 billion, a P/E ratio of 10.89 and a beta of 1.22. FS KKR Capital Corp. has a 1-year low of $18.38 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. Analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.67%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is currently 122.49%.

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.