FS KKR Capital Corp. (NYSE:FSK) Stake Increased by Investmark Advisory Group LLC

Investmark Advisory Group LLC raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSKGet Rating) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,109 shares of the company’s stock after purchasing an additional 2,842 shares during the period. FS KKR Capital comprises about 1.5% of Investmark Advisory Group LLC’s portfolio, making the stock its 19th largest holding. Investmark Advisory Group LLC’s holdings in FS KKR Capital were worth $1,536,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FSK. Motco acquired a new stake in FS KKR Capital during the 1st quarter worth about $35,000. Semmax Financial Advisors Inc. acquired a new position in FS KKR Capital in the fourth quarter worth approximately $35,000. Rise Advisors LLC acquired a new position in FS KKR Capital in the fourth quarter worth approximately $36,000. Capital Advisory Group Advisory Services LLC acquired a new position in FS KKR Capital in the first quarter worth approximately $42,000. Finally, Exchange Traded Concepts LLC acquired a new position in FS KKR Capital in the first quarter worth approximately $44,000. Institutional investors own 35.74% of the company’s stock.

FS KKR Capital Trading Down 3.9 %

FSK traded down $0.74 during midday trading on Friday, reaching $18.29. 53,457 shares of the company were exchanged, compared to its average volume of 938,659. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.49 and a current ratio of 2.49. FS KKR Capital Corp. has a one year low of $18.08 and a one year high of $23.44. The stock has a market capitalization of $5.18 billion, a P/E ratio of 8.98 and a beta of 1.33. The stock’s 50-day simple moving average is $21.34 and its 200 day simple moving average is $21.35.

FS KKR Capital (NYSE:FSKGet Rating) last issued its earnings results on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. FS KKR Capital had a return on equity of 9.93% and a net margin of 40.23%. The firm had revenue of $379.00 million for the quarter, compared to analysts’ expectations of $378.79 million. As a group, analysts forecast that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, September 14th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 14.65%. The ex-dividend date of this dividend is Tuesday, September 13th. FS KKR Capital’s dividend payout ratio (DPR) is presently 115.09%.

Wall Street Analyst Weigh In

FSK has been the subject of several research reports. Compass Point reduced their price objective on FS KKR Capital to $24.00 in a research report on Monday, August 15th. Wells Fargo & Company raised their target price on FS KKR Capital from $19.00 to $20.50 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th.

About FS KKR Capital

(Get Rating)

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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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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