Inspire Advisors LLC Purchases 24,443 Shares of FS KKR Capital Corp. (NYSE:FSK)

Inspire Advisors LLC boosted its position in FS KKR Capital Corp. (NYSE:FSK) by 28.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,919 shares of the company’s stock after acquiring an additional 24,443 shares during the quarter. Inspire Advisors LLC’s holdings in FS KKR Capital were worth $2,387,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FSK. US Bancorp DE grew its position in FS KKR Capital by 54.4% in the third quarter. US Bancorp DE now owns 12,916 shares of the company’s stock valued at $255,000 after acquiring an additional 4,550 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of FS KKR Capital by 11.0% in the 3rd quarter. Sigma Planning Corp now owns 193,681 shares of the company’s stock valued at $3,821,000 after purchasing an additional 19,210 shares in the last quarter. Fountainhead AM LLC grew its holdings in shares of FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after purchasing an additional 71,644 shares during the last quarter. First National Trust Co increased its position in FS KKR Capital by 108.7% during the 3rd quarter. First National Trust Co now owns 96,636 shares of the company’s stock worth $1,907,000 after purchasing an additional 50,327 shares in the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in FS KKR Capital in the 3rd quarter valued at approximately $1,027,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 1.0 %

Shares of NYSE:FSK opened at $22.66 on Tuesday. The firm has a market cap of $6.35 billion, a P/E ratio of 12.05 and a beta of 1.22. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $24.10. The business has a fifty day simple moving average of $22.71 and a 200 day simple moving average of $21.39. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. Analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 12.36%. FS KKR Capital’s dividend payout ratio (DPR) is currently 122.49%.

Wall Street Analyst Weigh In

FSK has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus target price of $21.70.

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.