Soltis Investment Advisors LLC Acquires 4,216 Shares of FS KKR Capital Corp. $FSK

Soltis Investment Advisors LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 23.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,545 shares of the company’s stock after buying an additional 4,216 shares during the period. Soltis Investment Advisors LLC’s holdings in FS KKR Capital were worth $468,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. CCLA Investment Management purchased a new position in FS KKR Capital in the 2nd quarter worth approximately $33,463,000. SCS Capital Management LLC bought a new position in shares of FS KKR Capital in the first quarter worth approximately $10,822,000. Generali Asset Management SPA SGR increased its stake in shares of FS KKR Capital by 21.7% in the second quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock worth $51,569,000 after buying an additional 442,374 shares during the period. Wellington Management Group LLP bought a new stake in FS KKR Capital during the 1st quarter valued at $9,218,000. Finally, Cubist Systematic Strategies LLC bought a new stake in FS KKR Capital during the 1st quarter valued at $8,342,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Up 0.0%

NYSE FSK opened at $15.21 on Friday. The stock’s 50 day moving average is $15.71 and its 200 day moving average is $18.77. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.40 and a current ratio of 1.30. FS KKR Capital Corp. has a twelve month low of $14.05 and a twelve month high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The business had revenue of $373.00 million during the quarter, compared to analyst estimates of $374.89 million. During the same quarter last year, the firm posted $0.74 earnings per share. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a dividend yield of 16.8%. FS KKR Capital’s dividend payout ratio (DPR) is currently 263.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FSK shares. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Royal Bank Of Canada cut their price objective on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. decreased their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.75.

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.