Kingswood Wealth Advisors LLC raised its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 250.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 788,025 shares of the company's stock after buying an additional 563,432 shares during the period. FS KKR Capital makes up approximately 0.6% of Kingswood Wealth Advisors LLC's portfolio, making the stock its 21st largest position. Kingswood Wealth Advisors LLC owned 0.28% of FS KKR Capital worth $16,831,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. Generali Asset Management SPA SGR purchased a new position in FS KKR Capital in the 4th quarter valued at approximately $17,608,000. Transce3nd LLC purchased a new position in FS KKR Capital in the 4th quarter valued at approximately $11,173,000. Raymond James Financial Inc. acquired a new stake in shares of FS KKR Capital in the 4th quarter valued at $6,499,000. Bessemer Group Inc. purchased a new stake in shares of FS KKR Capital during the 4th quarter worth $4,871,000. Finally, Certior Financial Group LLC purchased a new stake in shares of FS KKR Capital during the 4th quarter worth $4,496,000. Hedge funds and other institutional investors own 36.26% of the company's stock.
FS KKR Capital Price Performance
NYSE FSK traded down $0.42 during trading hours on Thursday, hitting $20.56. The company had a trading volume of 1,459,930 shares, compared to its average volume of 1,462,846. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.09 and a current ratio of 2.09. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The business has a 50 day moving average of $20.43 and a 200-day moving average of $21.39.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data 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. FS KKR Capital had a net margin of 31.53% and a return on equity of 11.78%. The company had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. FS KKR Capital's revenue for the quarter was down 7.8% on a year-over-year basis. Analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.
FS KKR Capital Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a $0.64 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.45%. FS KKR Capital's payout ratio is 134.74%.
Analysts Set New Price Targets
Several research firms have recently issued reports on FSK. Wells Fargo & Company decreased their price objective on shares of 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. Royal Bank Of Canada decreased their price objective on shares of 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. Oppenheimer decreased their price objective on shares of 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. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, 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 for the company. One research 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 currently has an average rating of "Hold" and a consensus price target of $19.50.
Check Out Our Latest Analysis on FS KKR Capital
FS KKR Capital Company Profile
(
Free Report)
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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