Mutual Advisors LLC Buys 6,392 Shares of FS KKR Capital Corp. (NYSE:FSK)

Mutual Advisors LLC boosted its stake in FS KKR Capital Corp. (NYSE:FSK) by 22.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,467 shares of the company’s stock after purchasing an additional 6,392 shares during the quarter. Mutual Advisors LLC’s holdings in FS KKR Capital were worth $688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cedar Brook Financial Partners LLC acquired a new position in FS KKR Capital in the fourth quarter valued at about $215,000. Redhawk Wealth Advisors Inc. bought a new position in shares of FS KKR Capital during the 4th quarter valued at about $518,000. Advisor Resource Council acquired a new position in shares of FS KKR Capital in the 4th quarter valued at approximately $643,000. CIC Wealth LLC increased its stake in FS KKR Capital by 5.7% during the 4th quarter. CIC Wealth LLC now owns 39,229 shares of the company’s stock worth $783,000 after purchasing an additional 2,126 shares in the last quarter. Finally, Epiq Partners LLC raised its holdings in FS KKR Capital by 0.7% during the 4th quarter. Epiq Partners LLC now owns 208,509 shares of the company’s stock worth $4,164,000 after buying an additional 1,537 shares during the period. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $18.95 on Thursday. The company’s fifty day simple moving average is $19.64 and its 200-day simple moving average is $19.75. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.31 billion, a PE ratio of 7.61 and a beta of 1.24. FS KKR Capital Corp. has a 12 month low of $17.50 and a 12 month high of $20.99.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $447.00 million for 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 quarter in the previous year, the firm posted $0.81 earnings per share. Equities research analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 13.51%. The ex-dividend date of this dividend is Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is currently 102.81%.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 7,300 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $18.73 per share, with a total value of $136,729.00. Following the completion of the transaction, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FSK. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price target for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Wells Fargo & Company lifted their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Hovde Group reaffirmed a “market perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, February 28th. JPMorgan Chase & Co. cut their price target on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Finally, Truist Financial cut their price target on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and a consensus price target of $20.06.

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.