FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Visionary Wealth Advisors

Visionary Wealth Advisors grew its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,750 shares of the company's stock after acquiring an additional 14,107 shares during the quarter. Visionary Wealth Advisors' holdings in FS KKR Capital were worth $1,124,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of FS KKR Capital during the fourth quarter valued at about $33,000. Jones Financial Companies Lllp raised its stake in shares of FS KKR Capital by 194.5% during the fourth 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 in the last quarter. Anchor Investment Management LLC bought a new stake in shares of FS KKR Capital during the fourth quarter valued at about $54,000. Roxbury Financial LLC bought a new stake in shares of FS KKR Capital during the fourth quarter valued at about $69,000. Finally, RE Dickinson Investment Advisors LLC raised its stake in shares of FS KKR Capital by 16.5% during the fourth quarter. RE Dickinson Investment Advisors LLC now owns 4,847 shares of the company's stock valued at $105,000 after purchasing an additional 686 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $21.38 on Tuesday. 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 company's 50-day moving average price is $20.12 and its two-hundred day moving average price is $21.42. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. The stock has a market cap of $5.99 billion, a PE ratio of 11.37 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The firm had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 11.97%. FS KKR Capital's payout ratio is presently 134.74%.

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of recent analyst reports. B. Riley initiated coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective on the stock. Oppenheimer cut their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research note on Friday, May 9th. Royal Bank of Canada dropped their price target on shares of 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. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $19.50.

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.

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