FS KKR Capital Corp. $FSK Shares Bought by Ethos Financial Group LLC

Ethos Financial Group LLC increased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,844 shares of the company’s stock after purchasing an additional 3,527 shares during the quarter. Ethos Financial Group LLC’s holdings in FS KKR Capital were worth $4,915,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in FS KKR Capital by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock valued at $5,612,000 after buying an additional 32,258 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of FS KKR Capital by 14.2% during the second quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock valued at $4,133,000 after acquiring an additional 24,758 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of FS KKR Capital in the 1st quarter valued at approximately $6,383,000. Symmetry Partners LLC acquired a new position in FS KKR Capital in the 2nd quarter worth approximately $372,000. Finally, Geneos Wealth Management Inc. grew its position in FS KKR Capital by 88.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 644,908 shares of the company’s stock worth $13,511,000 after purchasing an additional 302,773 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FSK. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Royal Bank Of Canada decreased their price objective on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 26th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a research report on Monday, October 6th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.75.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $14.79 on Thursday. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $15.83 and its two-hundred day moving average is $18.82.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $373.00 million during the quarter, compared to the consensus estimate of $374.89 million. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 17.3%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s payout ratio is currently 328.21%.

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.