Modern Wealth Management LLC Buys 1,201 Shares of FS KKR Capital Corp. (NYSE:FSK)

Modern Wealth Management LLC grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 421,243 shares of the company’s stock after buying an additional 1,201 shares during the quarter. Modern Wealth Management LLC owned 0.15% of FS KKR Capital worth $9,735,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after buying an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of FS KKR Capital by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock worth $94,989,000 after buying an additional 91,192 shares during the period. LPL Financial LLC boosted its holdings in FS KKR Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock valued at $77,837,000 after acquiring an additional 119,593 shares during the period. Transcend Capital Advisors LLC increased its stake in FS KKR Capital by 10.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock worth $29,862,000 after purchasing an additional 128,856 shares during the period. Finally, Strong Tower Advisory Services lifted its position in FS KKR Capital by 3.5% in the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after purchasing an additional 36,127 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $21.00 on Tuesday. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 11.17 and a beta of 1.22. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a one year low of $18.53 and a one year high of $24.10. The company’s 50-day moving average is $22.60 and its 200 day moving average is $21.45.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. Sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.34%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company cut FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Finally, Royal Bank of Canada boosted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.30.

FS KKR Capital 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.