GoalVest Advisory LLC Has $1.44 Million Position in FS KKR Capital Corp. (NYSE:FSK)

GoalVest Advisory LLC grew its position in FS KKR Capital Corp. (NYSE:FSK) by 19.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 68,757 shares of the company’s stock after purchasing an additional 11,055 shares during the quarter. GoalVest Advisory LLC’s holdings in FS KKR Capital were worth $1,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of FS KKR Capital in the 4th quarter valued at approximately $33,000. Fourth Dimension Wealth LLC bought a new stake in shares of FS KKR Capital during the 4th quarter valued at approximately $33,000. Jones Financial Companies Lllp grew its holdings in shares of FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after purchasing an additional 1,554 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of FS KKR Capital during the 4th quarter valued at approximately $54,000. Finally, Roxbury Financial LLC bought a new stake in shares of FS KKR Capital during the 4th quarter valued at approximately $69,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Trading Down 0.0%

FSK opened at $21.33 on Friday. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.34 and a beta of 0.98. The company’s 50 day moving average price is $20.15 and its two-hundred day moving average price is $21.43.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. During the same period in the previous year, the firm posted $0.62 EPS. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s payout ratio is 134.74%.

Wall Street Analysts Forecast Growth

FSK has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Oppenheimer decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Friday, May 9th. Royal Bank of Canada decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Finally, B. Riley initiated coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.50.

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.