FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC boosted its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 23.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,341 shares of the company's stock after purchasing an additional 16,093 shares during the period. Merit Financial Group LLC's holdings in FS KKR Capital were worth $1,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of FSK. Strong Tower Advisory Services boosted its holdings in shares of FS KKR Capital by 5.1% during the first quarter. Strong Tower Advisory Services now owns 1,125,576 shares of the company's stock worth $23,581,000 after purchasing an additional 55,054 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of FS KKR Capital during the first quarter valued at about $492,000. Parallel Advisors LLC boosted its stake in FS KKR Capital by 47.8% during the 1st quarter. Parallel Advisors LLC now owns 7,407 shares of the company's stock valued at $155,000 after acquiring an additional 2,395 shares during the last quarter. Summit Global Investments acquired a new stake in shares of FS KKR Capital during the 1st quarter valued at approximately $394,000. Finally, GoalVest Advisory LLC lifted its holdings in FS KKR Capital by 19.2% in the first quarter. GoalVest Advisory LLC now owns 68,757 shares of the company's stock worth $1,440,000 after acquiring an additional 11,055 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FSK. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. B. Riley began coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective on the stock. Royal Bank of Canada decreased their target price 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. Wells Fargo & Company lowered their price objective on shares of 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.50.

FS KKR Capital Trading Up 1.2%

NYSE:FSK traded up $0.26 during trading hours on Friday, hitting $21.30. 854,049 shares of the company were exchanged, compared to its average volume of 1,464,756. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98. The company has a fifty day simple moving average of $20.15 and a 200 day simple moving average of $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. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $400.00 million for 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%. FS KKR Capital's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently announced 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 annualized dividend and a yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio is currently 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.