Dover Advisors LLC Acquires 3,100 Shares of FS KKR Capital Corp. (NYSE:FSK)

Dover Advisors LLC increased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,350 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. Dover Advisors LLC’s holdings in FS KKR Capital were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FSK. Empowered Funds LLC bought a new stake in shares of FS KKR Capital in the fourth quarter worth $242,000. Entropy Technologies LP bought a new stake in shares of FS KKR Capital in the fourth quarter worth $257,000. Essex Financial Services Inc. acquired a new position in FS KKR Capital in the fourth quarter valued at $202,000. Van ECK Associates Corp boosted its position in FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares during the last quarter. Finally, Roman Butler Fullerton & Co. boosted its position in FS KKR Capital by 3.4% during the fourth quarter. Roman Butler Fullerton & Co. now owns 23,077 shares of the company’s stock valued at $526,000 after acquiring an additional 769 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Down 1.1%

FSK opened at $21.14 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The firm has a market capitalization of $5.92 billion, a PE ratio of 11.24 and a beta of 0.97. The company’s 50-day moving average is $20.26 and its 200 day moving average is $21.42.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. During the same quarter in the prior year, the business posted $0.62 EPS. The firm’s revenue was down 7.8% compared to the same quarter last year. As a group, research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.11%. FS KKR Capital’s dividend payout ratio is presently 134.74%.

Analyst Upgrades and Downgrades

FSK has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Oppenheimer dropped their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Friday, May 9th. B. Riley initiated coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.50.

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.