AA Financial Advisors LLC Purchases 22,454 Shares of FS KKR Capital Corp. (NYSE:FSK)

AA Financial Advisors LLC boosted its stake in FS KKR Capital Corp. (NYSE:FSK) by 20.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,610 shares of the company’s stock after purchasing an additional 22,454 shares during the period. AA Financial Advisors LLC’s holdings in FS KKR Capital were worth $2,799,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Empowered Funds LLC purchased a new position in shares of FS KKR Capital during the fourth quarter valued at about $242,000. Strategic Financial Concepts LLC grew its holdings in shares of FS KKR Capital by 14.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 16,329 shares of the company’s stock worth $355,000 after acquiring an additional 2,078 shares during the period. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of FS KKR Capital in the 4th quarter valued at approximately $522,000. Venturi Wealth Management LLC lifted its stake in shares of FS KKR Capital by 172.2% in the 4th quarter. Venturi Wealth Management LLC now owns 78,082 shares of the company’s stock valued at $1,696,000 after purchasing an additional 49,401 shares during the period. Finally, Proactive Wealth Strategies LLC boosted its position in shares of FS KKR Capital by 24.8% during the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock valued at $1,411,000 after purchasing an additional 12,926 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.9%

Shares of FSK stock opened at $20.98 on Tuesday. The company has a market cap of $5.88 billion, a PE ratio of 11.16 and a beta of 0.97. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock’s 50 day simple moving average is $20.39 and its two-hundred day simple moving average is $21.40. FS KKR Capital Corp. has a 1 year low of $17.42 and a 1 year high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $400.00 million for the quarter, compared to analysts’ expectations of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. Research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.20%. FS KKR Capital’s dividend payout ratio (DPR) is currently 134.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FSK. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada reduced their price objective on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. B. Riley initiated coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price target for the company. Oppenheimer reduced their price objective on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Friday, May 9th. Finally, Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. One equities 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.50.

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.