Strong Tower Advisory Services grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,125,576 shares of the company's stock after acquiring an additional 55,054 shares during the quarter. FS KKR Capital comprises approximately 5.6% of Strong Tower Advisory Services' investment portfolio, making the stock its 2nd largest holding. Strong Tower Advisory Services owned about 0.40% of FS KKR Capital worth $23,581,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $33,000. Fourth Dimension Wealth LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $33,000. Jones Financial Companies Lllp boosted its position in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after buying an additional 1,554 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $54,000. Finally, Roxbury Financial LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 36.26% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on FSK. JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Royal Bank of Canada lowered their price objective 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. B. Riley assumed coverage on FS KKR Capital in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price objective on the stock. Oppenheimer reduced their target price on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. Finally, Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.50.
Get Our Latest Stock Analysis on FS KKR Capital
FS KKR Capital Price Performance
NYSE FSK traded down $0.06 during mid-day trading on Thursday, hitting $21.07. The stock had a trading volume of 412,738 shares, compared to its average volume of 1,462,521. The firm's 50 day moving average is $20.15 and its 200 day moving average is $21.43. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 11.21 and a beta of 0.98.
FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. During the same period last year, the company earned $0.62 EPS. The company's revenue for the quarter was down 7.8% on a year-over-year basis. Equities research 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 business 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 dividend on an annualized basis and a dividend yield of 12.15%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.
About FS KKR Capital
(
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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