Global Assets Advisory LLC Acquires Shares of 13,112 FS KKR Capital Corp. $FSK

Global Assets Advisory LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,112 shares of the company’s stock, valued at approximately $276,000.

Several other large investors have also made changes to their positions in the business. Trust Co. of Vermont increased its holdings in FS KKR Capital by 51.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares in the last quarter. Kathmere Capital Management LLC grew its position in shares of FS KKR Capital by 1.4% in the first quarter. Kathmere Capital Management LLC now owns 41,258 shares of the company’s stock valued at $864,000 after purchasing an additional 562 shares during the period. Liberty Square Wealth Partners LLC increased its stake in shares of FS KKR Capital by 1.2% during the first quarter. Liberty Square Wealth Partners LLC now owns 52,508 shares of the company’s stock worth $1,100,000 after purchasing an additional 602 shares in the last quarter. Independent Wealth Network Inc. raised its position in shares of FS KKR Capital by 2.7% during the 1st quarter. Independent Wealth Network Inc. now owns 25,300 shares of the company’s stock worth $530,000 after purchasing an additional 672 shares during the last quarter. Finally, Bison Wealth LLC raised its position in shares of FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after purchasing an additional 720 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on FSK. Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research note on Saturday, September 27th. JPMorgan Chase & Co. dropped their price target on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada reduced their price objective on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, August 8th. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, FS KKR Capital currently has a consensus rating of “Reduce” and an average price target of $17.75.

FS KKR Capital Stock Down 1.8%

NYSE:FSK opened at $14.69 on Tuesday. FS KKR Capital Corp. has a 52 week low of $14.66 and a 52 week high of $24.10. The stock’s fifty day moving average is $17.50 and its two-hundred day moving average is $19.58. 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 announced its quarterly 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). The business had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same period last year, the firm earned $0.75 earnings per share. Research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th were paid 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 of this dividend was Wednesday, September 17th. This represents a $2.80 annualized dividend and a dividend yield of 19.1%. FS KKR Capital’s dividend payout ratio is presently 328.21%.

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.