Independent Advisor Alliance Has $6.01 Million Position in FS KKR Capital Corp. (NYSE:FSK)

Independent Advisor Alliance boosted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 304,366 shares of the company’s stock after purchasing an additional 18,290 shares during the period. Independent Advisor Alliance’s holdings in FS KKR Capital were worth $6,005,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FSK. Wedbush Securities Inc. lifted its stake in shares of FS KKR Capital by 1.4% in the second quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock worth $797,000 after buying an additional 573 shares during the last quarter. Wescott Financial Advisory Group LLC boosted its holdings in FS KKR Capital by 2.9% during the third quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock valued at $417,000 after acquiring an additional 600 shares during the period. Focus Financial Network Inc. boosted its holdings in FS KKR Capital by 3.2% during the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after acquiring an additional 719 shares during the period. Centaurus Financial Inc. grew its position in shares of FS KKR Capital by 0.8% in the third quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock valued at $2,303,000 after purchasing an additional 935 shares during the last quarter. Finally, Souders Financial Advisors increased its stake in shares of FS KKR Capital by 3.9% in the second quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock worth $497,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $21.77 on Monday. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 11.58 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $20.40 and a 200 day simple moving average of $20.10. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $21.79.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the previous year, the business earned $0.80 EPS. Sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. This represents a yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s payout ratio is presently 136.17%.

Analyst Ratings Changes

FSK has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.