Foundations Investment Advisors LLC raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 36.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,349 shares of the company's stock after purchasing an additional 3,538 shares during the quarter. Foundations Investment Advisors LLC's holdings in FS KKR Capital were worth $274,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new position in shares of FS KKR Capital during the 4th quarter worth about $35,000. Motco acquired a new stake in shares of FS KKR Capital during the 1st quarter valued at about $35,000. Rise Advisors LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at about $36,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of FS KKR Capital during the 1st quarter valued at about $42,000. Finally, Worth Asset Management LLC acquired a new stake in shares of FS KKR Capital during the 1st quarter valued at about $43,000. Institutional investors own 35.74% of the company's stock.
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FS KKR Capital Price Performance
Shares of FSK stock opened at $20.03 on Monday. FS KKR Capital Corp. has a 1 year low of $18.08 and a 1 year high of $23.44. The firm's 50 day moving average is $21.39 and its 200-day moving average is $21.42. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 9.45 and a beta of 1.33. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.24.
FS KKR Capital (NYSE:FSK – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The business had revenue of $379.00 million during the quarter, compared to the consensus estimate of $378.79 million. FS KKR Capital had a net
margin of 40.23% and a return on equity of 9.93%. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.
FS KKR Capital Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, September 14th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 13.38%. The ex-dividend date of this dividend is Tuesday, September 13th. FS KKR Capital's dividend payout ratio (DPR) is 115.09%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on FSK shares. Wells Fargo & Company lifted their target price on shares of FS KKR Capital from $19.00 to $20.50 and gave the company an "equal weight" rating in a research report on Wednesday, August 10th. Compass Point reduced their target price on shares of FS KKR Capital to $24.00 in a research report on Monday, August 15th.
About FS KKR Capital
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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.
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