FS KKR Capital Corp. (NYSE:FSK) Stock Position Raised by Larson Financial Group LLC

Larson Financial Group LLC raised its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,416 shares of the company’s stock after purchasing an additional 21,650 shares during the period. Larson Financial Group LLC’s holdings in FS KKR Capital were worth $2,681,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Wescott Financial Advisory Group LLC raised its stake in shares of FS KKR Capital by 2.9% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after acquiring an additional 600 shares in the last quarter. Lloyd Advisory Services LLC. raised its stake in shares of FS KKR Capital by 6.7% in the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock valued at $232,000 after acquiring an additional 667 shares in the last quarter. McIlrath & Eck LLC raised its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Wagner Wealth Management LLC raised its stake in shares of FS KKR Capital by 6.4% in the 4th quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock valued at $245,000 after acquiring an additional 679 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of FS KKR Capital by 5.0% in the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company’s stock valued at $321,000 after acquiring an additional 689 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Performance

FSK opened at $22.94 on Friday. The firm has a market capitalization of $6.42 billion, a P/E ratio of 12.20 and a beta of 1.22. The stock’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $21.36. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.70 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 12.21%. FS KKR Capital’s payout ratio is 122.49%.

Analysts Set New Price Targets

FSK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Royal Bank of Canada raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.70.

About FS KKR Capital

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.