Round Rock Advisors LLC Has $981,000 Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Round Rock Advisors LLC raised its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 65.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,844 shares of the company's stock after buying an additional 18,480 shares during the period. Round Rock Advisors LLC's holdings in FS KKR Capital were worth $981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of FS KKR Capital by 75.2% during the 4th quarter. Bank of New York Mellon Corp now owns 62,189 shares of the company's stock valued at $1,351,000 after acquiring an additional 26,703 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after acquiring an additional 1,554 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at $6,499,000. Prosperity Wealth Management Inc. acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at $554,000. Finally, HighTower Advisors LLC increased its position in FS KKR Capital by 14.8% in the 4th quarter. HighTower Advisors LLC now owns 233,502 shares of the company's stock valued at $5,072,000 after acquiring an additional 30,020 shares during the period. Institutional investors own 36.26% of the company's stock.

FS KKR Capital Trading Up 0.9%

Shares of FSK traded up $0.20 during trading hours on Friday, hitting $21.79. 902,238 shares of the stock were exchanged, compared to its average volume of 1,467,183. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.09 and a quick ratio of 2.09. The business has a 50-day moving average of $20.92 and a 200-day moving average of $21.33. The firm has a market capitalization of $6.10 billion, a P/E ratio of 11.47 and a beta of 0.96.

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 for the quarter, topping 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 analysts' expectations of $395.22 million. During the same period in the prior year, the company posted $0.62 earnings per share. FS KKR Capital's revenue for the quarter was down 7.8% compared to the same quarter last year. On average, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 11.75%. The ex-dividend date of this dividend was Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FSK shares. JPMorgan Chase & Co. decreased their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. B. Riley started coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price target for the company. Oppenheimer decreased their price target 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. Wells Fargo & Company decreased their price target 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. Finally, Keefe, Bruyette & Woods decreased their price target 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. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $19.50.

FS KKR Capital Company 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.