RFG Advisory LLC Boosts Stock Position in FS KKR Capital Corp. $FSK

RFG Advisory LLC boosted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 37.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,695 shares of the company’s stock after acquiring an additional 23,090 shares during the quarter. RFG Advisory LLC’s holdings in FS KKR Capital were worth $1,757,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in shares of FS KKR Capital by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after buying an additional 32,258 shares during the period. Legacy Capital Group California Inc. lifted its holdings in shares of FS KKR Capital by 14.2% in the 2nd quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock worth $4,133,000 after buying an additional 24,758 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of FS KKR Capital by 35.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock worth $607,000 after buying an additional 7,620 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of FS KKR Capital in the 1st quarter worth $6,383,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of FS KKR Capital by 5.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock worth $356,000 after buying an additional 945 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $15.06 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. FS KKR Capital Corp. has a 1-year low of $14.05 and a 1-year high of $24.10. The business has a fifty day moving average price of $16.65 and a 200 day moving average price of $19.29.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter last year, the business posted $0.75 earnings per share. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $0.64 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a yield of 17.0%. FS KKR Capital’s dividend payout ratio (DPR) is 328.21%.

Analyst Ratings Changes

FSK has been the subject of several research reports. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. JPMorgan Chase & Co. lowered 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. 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 note on Tuesday, August 12th. Finally, Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research note on Monday, October 6th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.