304,675 Shares in FS KKR Capital Corp. (NYSE:FSK) Acquired by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. purchased a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 304,675 shares of the company's stock, valued at approximately $6,383,000. FS KKR Capital accounts for 1.4% of Financial Gravity Asset Management Inc.'s portfolio, making the stock its 19th biggest holding. Financial Gravity Asset Management Inc. owned about 0.11% of FS KKR Capital at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FSK. Round Rock Advisors LLC grew its stake in FS KKR Capital by 65.2% during the 1st quarter. Round Rock Advisors LLC now owns 46,844 shares of the company's stock worth $981,000 after buying an additional 18,480 shares during the last quarter. Allworth Financial LP grew its stake in FS KKR Capital by 5.7% during the 1st quarter. Allworth Financial LP now owns 16,534 shares of the company's stock worth $331,000 after buying an additional 894 shares during the last quarter. Sharpepoint LLC grew its stake in FS KKR Capital by 17.5% during the 1st quarter. Sharpepoint LLC now owns 36,615 shares of the company's stock worth $737,000 after buying an additional 5,452 shares during the last quarter. Synergy Investment Management LLC grew its stake in FS KKR Capital by 13.0% during the 1st quarter. Synergy Investment Management LLC now owns 11,031 shares of the company's stock worth $231,000 after buying an additional 1,268 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC grew its stake in FS KKR Capital by 1.2% during the 1st quarter. Liberty Square Wealth Partners LLC now owns 52,508 shares of the company's stock worth $1,100,000 after buying an additional 602 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FSK has been the topic of several research analyst reports. B. Riley initiated coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 target price on the stock. Oppenheimer lowered their price target on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research report on Friday, May 9th. Royal Bank Of Canada lowered their price target on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their price target on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lowered their price target on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $19.50.

FS KKR Capital Price Performance

NYSE FSK traded up $0.20 during trading hours on Friday, reaching $21.79. The company's stock had a trading volume of 902,238 shares, compared to its average volume of 1,467,183. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.09 and a current ratio of 2.09. The company's 50-day moving average is $20.92 and its two-hundred day moving average is $21.33.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 11.78% and a net margin of 31.53%. The company had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. During the same period in the previous year, the business earned $0.62 EPS. FS KKR Capital's quarterly revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were given a $0.64 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 11.75%. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.

About FS KKR Capital

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.