IFP Advisors Inc Has $1.15 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

IFP Advisors Inc boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,928 shares of the company’s stock after buying an additional 10,256 shares during the period. IFP Advisors Inc’s holdings in FS KKR Capital were worth $1,150,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. McIlrath & Eck LLC grew its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the fourth quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. grew 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 buying an additional 1,520 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $69,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of FS KKR Capital by 164.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after purchasing an additional 3,744 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 2.4 %

NYSE:FSK opened at $22.84 on Thursday. The firm’s 50 day simple moving average is $22.47 and its 200 day simple moving average is $21.18. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $24.10. The company has a market cap of $6.40 billion, a PE ratio of 12.15 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 26th. The company reported $0.66 EPS 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%. On average, research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.26%. FS KKR Capital’s payout ratio is 136.17%.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. B. Riley downgraded 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 note on Wednesday, December 11th. Finally, Royal Bank of Canada raised their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average target price of $20.63.

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.