FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. grew its position in FS KKR Capital Corp. (NYSE:FSK) by 67.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,125 shares of the company’s stock after purchasing an additional 57,440 shares during the quarter. Kovack Advisors Inc.’s holdings in FS KKR Capital were worth $2,838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Center for Financial Planning Inc. raised its stake in FS KKR Capital by 147.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after acquiring an additional 1,179 shares in the last quarter. Planned Solutions Inc. acquired a new stake in FS KKR Capital during the 4th quarter worth $40,000. Provence Wealth Management Group acquired a new stake in FS KKR Capital during the 3rd quarter worth $45,000. Citigroup Inc. raised its stake in FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after acquiring an additional 2,114 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in FS KKR Capital by 20.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after acquiring an additional 575 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on FSK. Royal Bank of Canada cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Hovde Group reissued a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, February 28th. Finally, Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.17.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak acquired 7,300 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $18.73 per share, with a total value of $136,729.00. Following the purchase, the insider now directly owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.22% of the stock is owned by insiders.

FS KKR Capital Price Performance

FSK stock traded up $0.09 during trading on Friday, reaching $19.33. 958,030 shares of the company were exchanged, compared to its average volume of 1,684,313. The company has a market cap of $5.41 billion, a P/E ratio of 7.76 and a beta of 1.25. FS KKR Capital Corp. has a 52-week low of $17.50 and a 52-week high of $20.99. The stock’s 50 day moving average price is $19.11 and its 200 day moving average price is $19.67. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $447.00 million for the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 13.25%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is currently 102.81%.

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.