FS KKR Capital Corp. $FSK Shares Acquired by Fountainhead AM LLC

Fountainhead AM LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 983,584 shares of the company’s stock after acquiring an additional 85,525 shares during the period. FS KKR Capital accounts for about 3.0% of Fountainhead AM LLC’s holdings, making the stock its 11th biggest position. Fountainhead AM LLC’s holdings in FS KKR Capital were worth $20,409,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Global Wealth Management Investment Advisory Inc. boosted its stake in FS KKR Capital by 10.8% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 51,810 shares of the company’s stock worth $1,075,000 after purchasing an additional 5,054 shares during the period. Prospera Financial Services Inc boosted its stake in shares of FS KKR Capital by 54.8% during the second quarter. Prospera Financial Services Inc now owns 46,771 shares of the company’s stock worth $971,000 after buying an additional 16,556 shares during the period. Legacy Wealth Managment LLC ID grew its holdings in shares of FS KKR Capital by 14.0% during the second quarter. Legacy Wealth Managment LLC ID now owns 168,407 shares of the company’s stock worth $3,494,000 after buying an additional 20,712 shares during the last quarter. Savant Capital LLC grew its holdings in shares of FS KKR Capital by 37.0% during the second quarter. Savant Capital LLC now owns 21,685 shares of the company’s stock worth $450,000 after buying an additional 5,857 shares during the last quarter. Finally, Soltis Investment Advisors LLC grew its holdings in shares of FS KKR Capital by 23.0% during the second quarter. Soltis Investment Advisors LLC now owns 22,545 shares of the company’s stock worth $468,000 after buying an additional 4,216 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

Shares of FSK opened at $15.21 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 52-week low of $14.05 and a 52-week high of $24.10. The company has a 50-day simple moving average of $15.71 and a 200-day simple moving average of $18.76.

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

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 16.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is presently 263.92%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Wells Fargo & Company raised shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a research note on Monday, October 6th. Finally, Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.75.

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.