Icon Wealth Advisors LLC Has $4.60 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Icon Wealth Advisors LLC increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,120 shares of the company’s stock after acquiring an additional 1,386 shares during the quarter. Icon Wealth Advisors LLC owned about 0.08% of FS KKR Capital worth $4,599,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FSK. Summit Securities Group LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter valued at $30,000. Ridgewood Investments LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter worth $37,000. Rothschild Investment LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter worth $39,000. Financial Gravity Asset Management Inc. lifted its position in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after buying an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter worth $50,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $22.13 on Friday. The company has a market cap of $6.20 billion, a PE ratio of 11.77 and a beta of 1.25. The company’s 50-day moving average price is $20.58 and its 200-day moving average price is $20.16. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $22.18. 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter in the prior year, the business posted $0.80 EPS. On average, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.70 dividend. This represents a yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is 136.17%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FSK shares. Royal Bank of Canada upped their target price on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company decreased their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and a consensus target price of $20.06.

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.