Marshall & Sterling Wealth Advisors Inc. Acquires New Position in FS KKR Capital Corp. (NYSE:FSK)

Marshall & Sterling Wealth Advisors Inc. acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,504 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC increased its position in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after purchasing an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in FS KKR Capital during the fourth quarter worth $52,000. Anchor Investment Management LLC acquired a new position in FS KKR Capital during the fourth quarter worth $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FSK shares. Wells Fargo & Company cut their price objective on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday. Royal Bank of Canada increased their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods dropped their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their target price on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.90.

FS KKR Capital Price Performance

Shares of FSK opened at $20.26 on Tuesday. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 10.78 and a beta of 0.98. The firm has a 50-day simple moving average of $20.90 and a 200-day simple moving average of $21.44. 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) last announced its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 13.82%. FS KKR Capital’s dividend payout ratio (DPR) 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.