Pinion Investment Advisors LLC Purchases 36,738 Shares of FS KKR Capital Corp. (NYSE:FSK)

Pinion Investment Advisors LLC raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 132.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,474 shares of the company's stock after purchasing an additional 36,738 shares during the quarter. Pinion Investment Advisors LLC's holdings in FS KKR Capital were worth $1,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Family Wealth Partners LLC lifted its stake in shares of FS KKR Capital by 32.7% in the first quarter. Family Wealth Partners LLC now owns 32,332 shares of the company's stock worth $677,000 after acquiring an additional 7,976 shares during the period. Dover Advisors LLC grew its holdings in FS KKR Capital by 15.3% during the first quarter. Dover Advisors LLC now owns 23,350 shares of the company's stock worth $503,000 after buying an additional 3,100 shares in the last quarter. Vista Finance LLC bought a new position in FS KKR Capital in the 1st quarter valued at $3,859,000. GraniteShares Advisors LLC grew its stake in FS KKR Capital by 6.5% in the 1st quarter. GraniteShares Advisors LLC now owns 120,590 shares of the company's stock valued at $2,526,000 after purchasing an additional 7,310 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its stake in FS KKR Capital by 19.7% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 44,126 shares of the company's stock valued at $924,000 after purchasing an additional 7,262 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped 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. B. Riley initiated coverage on 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. 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 research report on Friday, May 9th. Royal Bank of Canada reduced their price target on 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. Finally, Keefe, Bruyette & Woods cut their price objective on 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. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, FS KKR Capital presently has an average rating of "Hold" and an average price target of $19.50.

FS KKR Capital Stock Down 1.1%

Shares of FSK traded down $0.25 on Friday, reaching $21.14. The stock had a trading volume of 985,433 shares, compared to its average volume of 1,457,313. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 11.24 and a beta of 0.97. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a 50-day simple moving average of $20.33 and a 200-day simple moving average of $21.41. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10.

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

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.11%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's payout ratio is 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.