FS KKR Capital Corp. (NYSE:FSK) Holdings Lifted by Strong Tower Advisory Services

Strong Tower Advisory Services grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 896,457 shares of the company’s stock after acquiring an additional 14,739 shares during the quarter. FS KKR Capital accounts for approximately 7.9% of Strong Tower Advisory Services’ holdings, making the stock its biggest holding. Strong Tower Advisory Services owned approximately 0.32% of FS KKR Capital worth $17,902,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its stake in shares of FS KKR Capital by 990.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 112,128 shares of the company’s stock worth $2,239,000 after buying an additional 101,845 shares during the period. GP Brinson Investments LLC increased its position in FS KKR Capital by 78.4% during the 4th quarter. GP Brinson Investments LLC now owns 517,707 shares of the company’s stock valued at $10,339,000 after purchasing an additional 227,573 shares during the period. Alpine Global Management LLC purchased a new position in FS KKR Capital during the 3rd quarter valued at $2,397,000. Integrated Wealth Concepts LLC increased its position in FS KKR Capital by 3.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,985 shares of the company’s stock valued at $1,476,000 after purchasing an additional 2,627 shares during the period. Finally, LPL Financial LLC increased its position in FS KKR Capital by 2.3% during the 3rd quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock valued at $59,012,000 after purchasing an additional 66,636 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

NYSE FSK opened at $19.07 on Friday. FS KKR Capital Corp. has a 52 week low of $17.50 and a 52 week high of $20.99. The firm has a market capitalization of $5.34 billion, a P/E ratio of 7.66 and a beta of 1.24. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average price of $19.61 and a 200-day moving average price of $19.75.

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

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 13.43%. The ex-dividend date is Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is 102.81%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Truist Financial dropped their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their target price for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Wells Fargo & Company boosted their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Hovde Group restated a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and a consensus target price of $20.06.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the purchase, the insider now directly owns 39,800 shares of the company’s stock, valued at approximately $745,454. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by insiders.

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.