Fiduciary Alliance LLC Invests $492,000 in FS KKR Capital Corp. (NYSE:FSK)

Fiduciary Alliance LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,468 shares of the company's stock, valued at approximately $492,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in FS KKR Capital in the 4th quarter worth $33,000. Fourth Dimension Wealth LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $33,000. Jones Financial Companies Lllp grew its holdings in shares of FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after purchasing an additional 1,554 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $54,000. Finally, Roxbury Financial LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth approximately $69,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSK has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Wells Fargo & Company decreased their price target on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. B. Riley initiated coverage on FS KKR Capital in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price objective on the stock. Finally, Oppenheimer cut their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.50.

FS KKR Capital Trading Down 0.3%

FS KKR Capital stock traded down $0.07 during trading hours on Thursday, hitting $21.07. The stock had a trading volume of 908,657 shares, compared to its average volume of 1,464,336. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The business's 50 day simple moving average is $20.15 and its 200-day simple moving average is $21.43. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 11.20 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $400.00 million for the quarter, compared to analysts' expectations of $395.22 million. During the same period in the prior year, the business posted $0.62 earnings per share. The firm's revenue was down 7.8% on a year-over-year basis. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 12.15%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is currently 134.74%.

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.