Great Valley Advisor Group Inc. Has $852,000 Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Great Valley Advisor Group Inc. lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 8.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 42,686 shares of the company’s stock after purchasing an additional 3,147 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in FS KKR Capital were worth $852,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC grew its position in FS KKR Capital by 990.4% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 112,128 shares of the company’s stock worth $2,239,000 after acquiring an additional 101,845 shares during the last quarter. GP Brinson Investments LLC boosted its stake in shares of FS KKR Capital by 78.4% during the fourth quarter. GP Brinson Investments LLC now owns 517,707 shares of the company’s stock valued at $10,339,000 after purchasing an additional 227,573 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of FS KKR Capital during the third quarter worth about $2,397,000. Integrated Wealth Concepts LLC increased its stake in shares of FS KKR Capital by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 74,985 shares of the company’s stock valued at $1,476,000 after buying an additional 2,627 shares during the period. Finally, LPL Financial LLC raised 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 valued at $59,012,000 after buying an additional 66,636 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $19.22 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. The firm’s 50-day moving average price is $19.02 and its 200-day moving average price is $19.65. The firm has a market capitalization of $5.38 billion, a P/E ratio of 7.72 and a beta of 1.23. FS KKR Capital Corp. has a 1-year low of $17.50 and a 1-year high of $20.99.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 return on equity of 12.56% and a net margin of 38.03%. During the same quarter in the prior year, the company earned $0.81 earnings per share. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 13.32%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s payout ratio is currently 102.81%.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 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 purchase, the insider now owns 39,800 shares of the company’s stock, valued at $745,454. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Royal Bank of Canada decreased their price objective on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Compass Point lowered FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Hovde Group reiterated a “market perform” rating and issued 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 objective on 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, FS KKR Capital has a consensus 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.