2,403 Shares in FS KKR Capital Corp. $FSK Acquired by Compass Financial Services Inc

Compass Financial Services Inc acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,403 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FSK. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of FS KKR Capital by 35.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock worth $607,000 after acquiring an additional 7,620 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in FS KKR Capital during the first quarter worth about $6,383,000. Oppenheimer & Co. Inc. raised its stake in FS KKR Capital by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock worth $356,000 after purchasing an additional 945 shares during the period. BridgePort Financial Solutions LLC purchased a new position in FS KKR Capital during the fourth quarter worth about $385,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in FS KKR Capital by 11.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 129,330 shares of the company’s stock valued at $2,809,000 after purchasing an additional 12,782 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Trading Up 0.1%

Shares of FSK stock opened at $17.81 on Friday. FS KKR Capital Corp. has a fifty-two week low of $17.35 and a fifty-two week high of $24.10. The company has a 50 day moving average price of $19.64 and a 200 day moving average price of $20.37. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $402.00 million. During the same quarter last year, the company earned $0.75 earnings per share. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.70 per share. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, September 17th. This represents a $2.80 annualized dividend and a yield of 15.7%. FS KKR Capital’s dividend payout ratio (DPR) is currently 328.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FSK shares. Royal Bank Of Canada cut their price target on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company decreased their price target on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research note on Friday, August 8th. Finally, Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $18.42.

FS KKR Capital 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.