Sequoia Financial Advisors LLC Buys New Holdings in FS KKR Capital Corp. (NYSE:FSK)

Sequoia Financial Advisors LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 104,783 shares of the company's stock, valued at approximately $2,093,000.

Several other hedge funds have also made changes to their positions in FSK. Center for Financial Planning Inc. increased its stake in shares of FS KKR Capital by 147.6% during the third quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company's stock valued at $39,000 after buying an additional 1,179 shares during the period. Retirement Group LLC purchased a new position in shares of FS KKR Capital during the fourth quarter valued at $39,000. Planned Solutions Inc. purchased a new position in shares of FS KKR Capital during the fourth quarter valued at $40,000. Worth Asset Management LLC purchased a new position in shares of FS KKR Capital during the first quarter valued at $43,000. Finally, Provence Wealth Management Group purchased a new position in shares of FS KKR Capital during the third quarter valued at $45,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Down 1.7 %

NYSE FSK traded down $0.32 during trading on Friday, hitting $19.01. The company's stock had a trading volume of 1,245,521 shares, compared to its average volume of 1,342,366. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $5.32 billion, a PE ratio of 7.63 and a beta of 1.25. The business's 50 day simple moving average is $19.29 and its 200-day simple moving average is $19.68. FS KKR Capital Corp. has a fifty-two week low of $17.50 and a fifty-two week high of $20.99.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The firm had revenue of $447.00 million during the quarter, compared to analysts' expectations of $452.39 million. During the same period last year, the business posted $0.81 earnings per share. On average, equities analysts anticipate that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 13.47%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital's payout ratio is 102.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FSK. Royal Bank of Canada dropped their price objective on FS KKR Capital from $21.00 to $20.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on FS KKR Capital from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday. Compass Point downgraded FS KKR Capital from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. Wells Fargo & Company raised their price objective on FS KKR Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. Finally, Hovde Group reaffirmed a "market perform" rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.19.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 7,300 shares of FS KKR Capital stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the purchase, the insider now directly owns 39,800 shares in the company, valued at approximately $745,454. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.22% of the company's stock.

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.