IHT Wealth Management LLC Increases Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

IHT Wealth Management LLC lifted its position in FS KKR Capital Corp. (NYSE:FSK) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,927 shares of the company’s stock after purchasing an additional 43,399 shares during the quarter. IHT Wealth Management LLC’s holdings in FS KKR Capital were worth $5,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its holdings in shares of FS KKR Capital by 3.3% in the third quarter. Integrated Wealth Concepts LLC now owns 103,685 shares of the company’s stock valued at $2,046,000 after purchasing an additional 3,274 shares during the period. Investmark Advisory Group LLC lifted its position in shares of FS KKR Capital by 4.4% during the third quarter. Investmark Advisory Group LLC now owns 109,874 shares of the company’s stock worth $2,168,000 after purchasing an additional 4,681 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of FS KKR Capital by 62.0% during the third quarter. Benjamin Edwards Inc. now owns 10,566 shares of the company’s stock worth $208,000 after purchasing an additional 4,043 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in shares of FS KKR Capital by 0.6% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the company’s stock worth $4,599,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of FS KKR Capital by 5.1% during the third quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company’s stock worth $14,913,000 after purchasing an additional 36,461 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock traded down $0.01 on Tuesday, hitting $21.97. The stock had a trading volume of 472,312 shares, compared to its average volume of 1,407,313. The company’s 50 day moving average price is $20.68 and its 200 day moving average price is $20.20. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 11.69 and a beta of 1.25. 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 52-week low of $18.31 and a 52-week high of $22.39.

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

FS KKR Capital Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is currently 136.17%.

Analysts Set New Price Targets

Several analysts have recently issued reports on FSK shares. Royal Bank of Canada increased their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus target price of $20.19.

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.