IFG Advisory LLC Buys 633 Shares of FS KKR Capital Corp. (NYSE:FSK)

IFG Advisory LLC lifted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 88,292 shares of the company’s stock after acquiring an additional 633 shares during the quarter. IFG Advisory LLC’s holdings in FS KKR Capital were worth $1,763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FSK. Millennium Management LLC grew its stake in shares of FS KKR Capital by 4,104.6% in the fourth quarter. Millennium Management LLC now owns 759,013 shares of the company’s stock valued at $13,283,000 after acquiring an additional 740,961 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of FS KKR Capital in the third quarter valued at about $13,510,000. Melia Wealth LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at about $13,520,000. Wells Fargo & Company MN grew its stake in shares of FS KKR Capital by 292.4% in the second quarter. Wells Fargo & Company MN now owns 671,299 shares of the company’s stock valued at $13,037,000 after acquiring an additional 500,218 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in FS KKR Capital by 10.7% during the third quarter. Van ECK Associates Corp now owns 4,710,646 shares of the company’s stock worth $92,753,000 after buying an additional 456,657 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Daniel Pietrzak purchased 7,300 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the transaction, the insider now directly owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

FS KKR Capital Price Performance

FSK opened at $18.95 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 7.61 and a beta of 1.24. The firm’s fifty day moving average price is $19.64 and its two-hundred day moving average price is $19.75. FS KKR Capital Corp. has a 1 year low of $17.50 and a 1 year high of $20.99.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same period in the previous year, the business posted $0.81 EPS. As a group, analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 13.51%. The ex-dividend date is Tuesday, March 12th. FS KKR Capital’s dividend payout ratio is presently 102.81%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, February 28th. Wells Fargo & Company increased their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Royal Bank of Canada reduced their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Finally, Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price target for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.06.

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.