Kovack Advisors Inc. Buys 57,440 Shares of FS KKR Capital Corp. (NYSE:FSK)

Kovack Advisors Inc. lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 67.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 142,125 shares of the company's stock after purchasing an additional 57,440 shares during the period. Kovack Advisors Inc. owned about 0.05% of FS KKR Capital worth $2,838,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp grew its holdings in shares of FS KKR Capital by 10.7% during the 3rd quarter. Van ECK Associates Corp now owns 4,710,646 shares of the company's stock valued at $92,753,000 after purchasing an additional 456,657 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of FS KKR Capital by 951.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company's stock valued at $75,547,000 after purchasing an additional 3,423,145 shares during the last quarter. LPL Financial LLC grew its holdings in FS KKR Capital by 2.3% in the 3rd quarter. LPL Financial LLC now owns 2,997,068 shares of the company's stock worth $59,012,000 after acquiring an additional 66,636 shares during the last quarter. Shufro Rose & Co. LLC grew its holdings in FS KKR Capital by 4.2% in the 3rd quarter. Shufro Rose & Co. LLC now owns 1,156,634 shares of the company's stock worth $22,776,000 after acquiring an additional 46,451 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its holdings in FS KKR Capital by 1.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 1,028,785 shares of the company's stock worth $20,257,000 after acquiring an additional 16,022 shares during the last quarter. Institutional investors own 36.26% of the company's stock.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 7,300 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the acquisition, the insider now directly owns 39,800 shares of the company's stock, valued at $745,454. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

FS KKR Capital Stock Performance

Shares of FSK stock traded up $0.09 during trading hours on Friday, reaching $19.33. The company had a trading volume of 958,030 shares, compared to its average volume of 1,684,313. The business has a fifty day moving average price of $19.11 and a 200-day moving average price of $19.67. FS KKR Capital Corp. has a one year low of $17.50 and a one year high of $20.99. The firm has a market cap of $5.41 billion, a PE ratio of 7.76 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $447.00 million during the quarter, compared to analyst estimates of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same period in the previous year, the business posted $0.81 earnings per share. Sell-side analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 annualized dividend and a yield of 13.25%. FS KKR Capital's dividend payout ratio (DPR) is 102.81%.

Wall Street Analyst Weigh In

FSK has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 28th. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a "market perform" rating for the company in a research report on Tuesday, April 16th. Compass Point cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and lowered their price target for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. Hovde Group reissued a "market perform" rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, February 28th. Finally, Truist Financial lowered their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, FS KKR Capital currently has an average rating of "Hold" and a consensus price target of $20.17.

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.

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