HighTower Advisors LLC Buys 30,020 Shares of FS KKR Capital Corp. (NYSE:FSK)

HighTower Advisors LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 14.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 233,502 shares of the company's stock after purchasing an additional 30,020 shares during the quarter. HighTower Advisors LLC owned 0.08% of FS KKR Capital worth $5,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. OneAscent Financial Services LLC acquired a new stake in FS KKR Capital during the 3rd quarter worth about $245,000. Hilton Capital Management LLC boosted its position in FS KKR Capital by 3.1% during the 3rd quarter. Hilton Capital Management LLC now owns 186,181 shares of the company's stock worth $3,673,000 after acquiring an additional 5,658 shares during the period. Advisors Asset Management Inc. boosted its position in FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company's stock worth $5,023,000 after acquiring an additional 39,086 shares during the period. Concorde Asset Management LLC acquired a new stake in FS KKR Capital during the 3rd quarter worth about $218,000. Finally, Meridian Wealth Management LLC acquired a new stake in FS KKR Capital during the 3rd quarter worth about $404,000. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Stock Up 1.1 %

Shares of FS KKR Capital stock traded up $0.22 during trading on Friday, hitting $20.69. 6,615,171 shares of the stock traded hands, compared to its average volume of 1,368,181. The stock has a market cap of $5.80 billion, a P/E ratio of 11.01 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 twelve month low of $18.53 and a twelve month high of $24.10. The company has a fifty day moving average price of $22.61 and a two-hundred day moving average price of $21.44.

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FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 13.53%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital's payout ratio is 122.49%.

Analyst Ratings Changes

A number of brokerages have commented on FSK. Royal Bank of Canada raised their price objective on 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 FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered FS KKR Capital from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $21.00 to $19.00 in a report on Monday, March 17th. 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 report on Monday, March 3rd. Finally, B. Riley lowered 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. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $21.30.

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.