Fiduciary Alliance LLC Takes Position in FS KKR Capital Corp. (NYSE:FSK)

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

Other large investors also recently bought and sold shares of the company. Generali Asset Management SPA SGR bought a new stake in shares of FS KKR Capital during the 4th quarter valued at about $17,608,000. Van ECK Associates Corp lifted its holdings in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock worth $139,469,000 after purchasing an additional 673,420 shares in the last quarter. Transce3nd LLC bought a new stake in FS KKR Capital in the 4th quarter worth approximately $11,173,000. Raymond James Financial Inc. bought a new stake in FS KKR Capital in the 4th quarter worth approximately $6,499,000. Finally, Strategic Financial Concepts LLC increased its position in shares of FS KKR Capital by 2,029.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock valued at $6,593,000 after purchasing an additional 289,278 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Up 1.2%

Shares of NYSE FSK traded up $0.26 during mid-day trading on Friday, reaching $21.30. 854,049 shares of the company were exchanged, compared to its average volume of 1,467,357. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98. FS KKR Capital Corp. has a 1 year low of $17.42 and a 1 year high of $24.10. The firm has a 50-day moving average of $20.15 and a 200 day moving average of $21.43.

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

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Oppenheimer cut their target price on 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. Royal Bank of Canada cut their price objective on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. B. Riley began coverage on FS KKR Capital in a report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 target price for the company. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their target price on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, FS KKR Capital presently has a consensus rating of "Hold" and a consensus price target of $19.50.

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.