Avantax Advisory Services Inc. Increases Holdings in FS KKR Capital Corp. (NYSE:FSK)

Avantax Advisory Services Inc. grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 402,736 shares of the company’s stock after acquiring an additional 13,685 shares during the quarter. Avantax Advisory Services Inc.’s holdings in FS KKR Capital were worth $8,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its position in shares of FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after purchasing an additional 104,016 shares during the last quarter. Proactive Wealth Strategies LLC increased its position in shares of FS KKR Capital by 24.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock valued at $1,411,000 after purchasing an additional 12,926 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in FS KKR Capital by 18.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after acquiring an additional 39,086 shares during the last quarter. Graypoint LLC increased its holdings in FS KKR Capital by 23.1% in the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after acquiring an additional 26,174 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock worth $4,473,000 after acquiring an additional 27,110 shares during the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

FS KKR Capital Stock Down 3.1 %

Shares of NYSE FSK opened at $20.97 on Friday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $24.10. The business has a 50-day simple moving average of $22.69 and a two-hundred day simple moving average of $21.40. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.87 billion, a P/E ratio of 11.15 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last issued 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%. The company had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. Research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.35%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

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.