FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 402,736 shares of the company's stock after purchasing an additional 13,685 shares during the quarter. Avantax Advisory Services Inc. owned approximately 0.14% of FS KKR Capital worth $8,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSK. Truvestments Capital LLC boosted its stake in shares of FS KKR Capital by 6.8% in the 4th quarter. Truvestments Capital LLC now owns 133,283 shares of the company's stock worth $2,895,000 after buying an additional 8,536 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in FS KKR Capital by 96.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 19,225 shares of the company's stock valued at $418,000 after acquiring an additional 9,449 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in FS KKR Capital by 0.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 101,634 shares of the company's stock valued at $2,207,000 after buying an additional 733 shares during the period. PFG Advisors lifted its stake in FS KKR Capital by 2.1% in the fourth quarter. PFG Advisors now owns 190,728 shares of the company's stock worth $4,143,000 after acquiring an additional 3,997 shares during the period. Finally, HighTower Advisors LLC boosted its position in FS KKR Capital by 14.8% during the 4th quarter. HighTower Advisors LLC now owns 233,502 shares of the company's stock valued at $5,072,000 after acquiring an additional 30,020 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

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Analyst Ratings Changes

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

FS KKR Capital Stock Down 1.0 %

Shares of FSK stock traded down $0.22 during trading hours on Monday, reaching $21.23. 3,334,415 shares of the stock were exchanged, compared to its average volume of 1,321,431. 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 12-month low of $18.33 and a 12-month high of $24.10. The firm has a market capitalization of $5.94 billion, a P/E ratio of 11.29 and a beta of 1.22. The business's fifty day moving average is $22.68 and its two-hundred day moving average is $21.43.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million during the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. As a group, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.19%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital's payout ratio is 122.49%.

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.