FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC grew its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,766 shares of the company’s stock after purchasing an additional 4,781 shares during the period. Larson Financial Group LLC’s holdings in FS KKR Capital were worth $2,008,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of FS KKR Capital in the second quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital in the second quarter worth approximately $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital in the second quarter worth approximately $39,000. Financial Gravity Asset Management Inc. boosted its position in shares of FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after acquiring an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of FS KKR Capital in the second quarter worth approximately $50,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Trading Up 1.1 %

FSK opened at $21.77 on Monday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 11.58 and a beta of 1.25. The firm’s 50 day moving average is $20.40 and its 200-day moving average is $20.10. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $21.79. 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 posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter last year, the firm posted $0.80 earnings per share. Analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

Wall Street Analyst Weigh In

FSK has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and an average price target of $20.06.

About FS KKR Capital

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.