IHT Wealth Management LLC Purchases 50,827 Shares of FS KKR Capital Corp. (NYSE:FSK)

IHT Wealth Management LLC grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 337,754 shares of the company's stock after acquiring an additional 50,827 shares during the quarter. IHT Wealth Management LLC owned about 0.12% of FS KKR Capital worth $7,336,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FSK. Barclays PLC raised its stake in FS KKR Capital by 24.8% during the 3rd quarter. Barclays PLC now owns 327,469 shares of the company's stock valued at $6,460,000 after buying an additional 65,054 shares during the last quarter. McIlrath & Eck LLC grew its stake in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after purchasing an additional 675 shares during the period. World Investment Advisors LLC increased its position in shares of FS KKR Capital by 22.9% during the 3rd quarter. World Investment Advisors LLC now owns 17,707 shares of the company's stock valued at $349,000 after purchasing an additional 3,297 shares during the last quarter. Sfmg LLC boosted its holdings in shares of FS KKR Capital by 1.7% in the third quarter. Sfmg LLC now owns 127,286 shares of the company's stock worth $2,511,000 after buying an additional 2,151 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in FS KKR Capital by 14.1% during the third quarter. Franklin Resources Inc. now owns 360,256 shares of the company's stock valued at $7,284,000 after buying an additional 44,557 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FSK shares. JPMorgan Chase & Co. upped 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. Wells Fargo & Company downgraded FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada raised their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.70.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock traded up $0.29 on Wednesday, hitting $19.70. 1,320,124 shares of the company traded hands, compared to its average volume of 1,489,021. The stock has a market capitalization of $5.52 billion, a P/E ratio of 10.48 and a beta of 0.98. The business has a 50-day simple moving average of $21.13 and a 200 day simple moving average of $21.42. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. 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 (NYSE:FSK - Get Free Report) last posted its 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). The business 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%. Research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 14.21%. FS KKR Capital's dividend payout ratio (DPR) is presently 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.