Sequoia Financial Advisors LLC Raises Stake in FS KKR Capital Corp. (NYSE:FSK)

Sequoia Financial Advisors LLC raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,634 shares of the company’s stock after buying an additional 733 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FS KKR Capital were worth $2,207,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Kendall Capital Management grew its holdings in FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock valued at $497,000 after buying an additional 517 shares in the last quarter. Endowment Wealth Management Inc. grew its holdings in shares of FS KKR Capital by 0.6% during the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock worth $1,977,000 after purchasing an additional 582 shares during the period. Wescott Financial Advisory Group LLC grew its holdings in shares of FS KKR Capital by 2.9% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after purchasing an additional 600 shares during the period. Lloyd Advisory Services LLC. grew its holdings in shares of FS KKR Capital by 6.7% during the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock worth $232,000 after purchasing an additional 667 shares during the period. Finally, McIlrath & Eck LLC grew its holdings in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $21.44 on Friday. The business has a 50-day moving average of $22.68 and a 200 day moving average of $21.41. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $24.10. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 11.40 and a beta of 1.22. 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 (NYSE:FSK) last announced its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. As a group, sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Analysts Set New Price Targets

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

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.