LPL Financial LLC Boosts Stake in FS KKR Capital Corp. (NYSE:FSK)

LPL Financial LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,583,642 shares of the company's stock after purchasing an additional 119,593 shares during the period. LPL Financial LLC owned 1.28% of FS KKR Capital worth $77,837,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FSK. Kingswood Wealth Advisors LLC raised its holdings in shares of FS KKR Capital by 86.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company's stock valued at $4,878,000 after purchasing an additional 104,016 shares during the period. Inspire Advisors LLC grew its holdings in shares of FS KKR Capital by 28.6% during the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company's stock valued at $2,387,000 after buying an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC increased its position in shares of FS KKR Capital by 24.8% during the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company's stock worth $1,411,000 after acquiring an additional 12,926 shares in the last quarter. Graypoint LLC raised its holdings in shares of FS KKR Capital by 23.1% in the 4th quarter. Graypoint LLC now owns 139,504 shares of the company's stock worth $3,030,000 after acquiring an additional 26,174 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company's stock valued at $4,473,000 after acquiring an additional 27,110 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FSK. Royal Bank of Canada boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. 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 report on Monday, March 17th. Keefe, Bruyette & Woods increased their target price 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. B. Riley lowered shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped 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. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $21.30.

FS KKR Capital Stock Performance

Shares of NYSE FSK traded down $0.03 during mid-day trading on Monday, reaching $20.96. 1,599,381 shares of the company's stock were exchanged, compared to its average volume of 1,391,774. The firm has a 50-day moving average price of $22.51 and a two-hundred day moving average price of $21.50. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 11.15 and a beta of 1.22. FS KKR Capital Corp. has a 52 week low of $18.53 and a 52 week high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced 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). The company had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 annualized dividend and a yield of 13.36%. FS KKR Capital's payout ratio is 122.49%.

FS KKR Capital Company 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.