Arkadios Wealth Advisors Acquires 18,130 Shares of FS KKR Capital Corp. $FSK

Arkadios Wealth Advisors grew its position in FS KKR Capital Corp. (NYSE:FSK) by 8.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 236,851 shares of the company’s stock after acquiring an additional 18,130 shares during the quarter. Arkadios Wealth Advisors owned 0.08% of FS KKR Capital worth $4,915,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FSK. Flaharty Asset Management LLC bought a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $29,000. Trust Co. of Vermont lifted its position in shares of FS KKR Capital by 51.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $34,000. Wealth Preservation Advisors LLC bought a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $42,000. Finally, Compass Financial Services Inc bought a new stake in shares of FS KKR Capital in the 1st quarter worth approximately $50,000. Institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

FSK has been the subject of a number of research reports. 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 report on Monday, October 6th. JPMorgan Chase & Co. reduced their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their target price 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. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.75.

FS KKR Capital Price Performance

FSK stock opened at $15.17 on Thursday. The business has a fifty day moving average price of $16.12 and a 200 day moving average price of $18.97. FS KKR Capital Corp. has a fifty-two week low of $14.05 and a fifty-two week high of $24.10. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share 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 for the quarter, compared to analyst estimates of $402.00 million. During the same period in the prior year, the business earned $0.75 earnings per share. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 16.9%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is currently 328.21%.

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.