FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 9.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,601 shares of the company’s stock after buying an additional 1,603 shares during the period. Farther Finance Advisors LLC’s holdings in FS KKR Capital were worth $397,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FSK. Generali Asset Management SPA SGR purchased a new position in shares of FS KKR Capital in the 4th quarter worth about $17,608,000. Transce3nd LLC purchased a new stake in shares of FS KKR Capital during the 4th quarter valued at about $11,173,000. Raymond James Financial Inc. purchased a new stake in shares of FS KKR Capital during the 4th quarter valued at about $6,499,000. Bessemer Group Inc. purchased a new stake in shares of FS KKR Capital during the 4th quarter valued at about $4,871,000. Finally, Certior Financial Group LLC purchased a new stake in shares of FS KKR Capital during the 4th quarter valued at about $4,496,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on FSK shares. B. Riley started coverage on FS KKR Capital in a report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 target price on the stock. Oppenheimer dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company dropped their target price on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their price objective on 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. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.50.

FS KKR Capital Price Performance

FSK stock opened at $20.98 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10. The stock’s 50 day moving average is $20.39 and its two-hundred day moving average is $21.40. The company has a market capitalization of $5.88 billion, a PE ratio of 11.16 and a beta of 0.97.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. FS KKR Capital’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a yield of 12.20%. FS KKR Capital’s dividend payout ratio is currently 134.74%.

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.