Arkadios Wealth Advisors lifted its position in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 22.5% during the 2nd quarter, Holdings Channel reports. The firm owned 155,938 shares of the company's stock after buying an additional 28,666 shares during the quarter. Arkadios Wealth Advisors' holdings in FS KKR Capital were worth $3,028,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Motco acquired a new position in FS KKR Capital during the 1st quarter worth about $35,000. Semmax Financial Advisors Inc. acquired a new position in FS KKR Capital during the 4th quarter worth about $35,000. Rise Advisors LLC acquired a new position in FS KKR Capital during the 4th quarter worth about $36,000. Capital Advisory Group Advisory Services LLC acquired a new position in FS KKR Capital during the 1st quarter valued at about $42,000. Finally, Exchange Traded Concepts LLC acquired a new position in FS KKR Capital during the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 35.74% of the company's stock.
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FS KKR Capital Stock Performance
Shares of FSK stock opened at $19.77 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.49 and a quick ratio of 2.49. The stock has a market cap of $5.60 billion, a PE ratio of 9.33 and a beta of 1.33. The stock has a 50-day moving average of $21.36 and a 200-day moving average of $21.38. FS KKR Capital Corp. has a one year low of $18.08 and a one year high of $23.44.
FS KKR Capital (NYSE:FSK – Get Rating) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $379.00 million during the quarter, compared to analysts' expectations of $378.79 million. FS KKR Capital had a return on equity of 9.93% and a net
margin of 40.23%. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.
FS KKR Capital Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, September 14th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 13.56%. FS KKR Capital's dividend payout ratio (DPR) is presently 115.09%.
Analyst Ratings Changes
FSK has been the topic of a number of research reports. Compass Point cut their target price on shares of FS KKR Capital to $24.00 in a research report on Monday, August 15th. Wells Fargo & Company upped 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.
FS KKR Capital Company Profile
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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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