FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,634 shares of the company’s stock after purchasing an additional 733 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FS KKR Capital were worth $2,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSK. McIlrath & Eck LLC raised its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares in the last quarter. Jones Financial Companies Lllp raised its position in FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after acquiring an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in FS KKR Capital during the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. raised its position in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in FS KKR Capital during the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 2.2 %

FS KKR Capital stock opened at $21.44 on Friday. The stock has a market capitalization of $6.00 billion, a PE ratio of 11.40 and a beta of 1.22. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $24.10. The business has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $21.41. 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 (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $419.97 million. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.06%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lifted their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.70.

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.