FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 250.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 788,025 shares of the company's stock after buying an additional 563,432 shares during the quarter. FS KKR Capital makes up about 0.6% of Kingswood Wealth Advisors LLC's portfolio, making the stock its 21st biggest position. Kingswood Wealth Advisors LLC owned 0.28% of FS KKR Capital worth $16,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of FS KKR Capital in the fourth quarter worth approximately $33,000. Fourth Dimension Wealth LLC purchased a new stake in shares of FS KKR Capital in the fourth quarter worth approximately $33,000. Jones Financial Companies Lllp raised its holdings in shares of FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after buying an additional 1,554 shares during the period. Anchor Investment Management LLC purchased a new position in FS KKR Capital during the 4th quarter worth $54,000. Finally, SJS Investment Consulting Inc. increased its holdings in FS KKR Capital by 52.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 3,419 shares of the company's stock worth $72,000 after purchasing an additional 1,181 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on FSK. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Oppenheimer reduced their price objective on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada reduced their price objective on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Finally, B. Riley began coverage on FS KKR Capital in a report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $19.50.

FS KKR Capital Stock Performance

Shares of NYSE:FSK traded up $0.07 on Friday, reaching $20.64. The company had a trading volume of 1,522,803 shares, compared to its average volume of 1,454,191. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The firm's 50 day simple moving average is $20.51 and its 200-day simple moving average is $21.37. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.22.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. During the same period last year, the business posted $0.62 EPS. The business's revenue was down 7.8% compared to the same quarter last year. As a group, analysts expect 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 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 12.40%. FS KKR Capital's dividend payout ratio is presently 134.74%.

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.