FS KKR Capital Corp. (NYSE:FSK) Stock Position Lifted by Independent Advisor Alliance

Independent Advisor Alliance grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 304,366 shares of the company’s stock after purchasing an additional 18,290 shares during the period. Independent Advisor Alliance owned approximately 0.11% of FS KKR Capital worth $6,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fountainhead AM LLC increased its stake in FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after buying an additional 71,644 shares during the period. Cetera Advisors LLC raised its holdings in FS KKR Capital by 39.3% during the first quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock worth $8,231,000 after purchasing an additional 121,754 shares in the last quarter. Waverly Advisors LLC acquired a new stake in FS KKR Capital in the first quarter worth approximately $2,473,000. Wealth Enhancement Advisory Services LLC boosted its stake in FS KKR Capital by 30.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock valued at $2,422,000 after purchasing an additional 28,889 shares in the last quarter. Finally, Naviter Wealth LLC increased its position in shares of FS KKR Capital by 83.9% during the 2nd quarter. Naviter Wealth LLC now owns 241,489 shares of the company’s stock valued at $4,916,000 after purchasing an additional 110,191 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FSK has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Trading Up 1.1 %

Shares of FSK opened at $21.77 on Monday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $21.79. The stock has a market capitalization of $6.10 billion, a P/E ratio of 11.58 and a beta of 1.25. The business’s 50-day moving average price is $20.40 and its 200 day moving average price is $20.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same quarter in the prior year, the firm earned $0.80 EPS. Analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 136.17%.

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.