Commonwealth Equity Services LLC Has $94.99 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Commonwealth Equity Services LLC grew its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,373,338 shares of the company's stock after acquiring an additional 91,192 shares during the period. Commonwealth Equity Services LLC owned 1.56% of FS KKR Capital worth $94,989,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Avantax Advisory Services Inc. grew its holdings in FS KKR Capital by 3.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 402,736 shares of the company's stock worth $8,747,000 after purchasing an additional 13,685 shares during the period. Truvestments Capital LLC grew its holdings in FS KKR Capital by 6.8% during the fourth quarter. Truvestments Capital LLC now owns 133,283 shares of the company's stock worth $2,895,000 after purchasing an additional 8,536 shares during the period. EverSource Wealth Advisors LLC grew its holdings 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 worth $418,000 after purchasing an additional 9,449 shares during the period. Sequoia Financial Advisors LLC grew its holdings in FS KKR Capital by 0.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 101,634 shares of the company's stock worth $2,207,000 after purchasing an additional 733 shares during the period. Finally, PFG Advisors grew its holdings in FS KKR Capital by 2.1% during the fourth quarter. PFG Advisors now owns 190,728 shares of the company's stock worth $4,143,000 after purchasing an additional 3,997 shares during the period. Institutional investors own 36.26% of the company's stock.

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Analyst Ratings Changes

Several brokerages have issued reports on FSK. B. Riley downgraded shares of 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. Royal Bank of Canada raised their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research 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 research report on Monday, March 3rd. Finally, Wells Fargo & Company downgraded shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $21.00 to $19.00 in a research report on Monday. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $21.30.

FS KKR Capital Price Performance

Shares of NYSE FSK traded down $0.06 during midday trading on Tuesday, reaching $21.24. The company's stock had a trading volume of 3,385,300 shares, compared to its average volume of 1,557,610. 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 fifty-two week low of $18.33 and a fifty-two week high of $24.10. The business's 50 day moving average price is $22.67 and its two-hundred day moving average price is $21.43. The company has a market cap of $5.95 billion, a P/E ratio of 11.30 and a beta of 1.22.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share 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 business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. On average, analysts forecast 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. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 13.19%. FS KKR Capital's dividend payout ratio is currently 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.