FS KKR Capital Corp. $FSK Shares Bought by Ellis Investment Partners LLC

Ellis Investment Partners LLC raised its holdings in FS KKR Capital Corp. (NYSE:FSK) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 278,172 shares of the company’s stock after acquiring an additional 4,500 shares during the period. FS KKR Capital makes up approximately 1.1% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 19th largest position. Ellis Investment Partners LLC’s holdings in FS KKR Capital were worth $5,772,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. LPL Financial LLC raised its holdings in FS KKR Capital by 2.8% in the 1st quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after acquiring an additional 98,647 shares during the last quarter. Cura Wealth Advisors LLC increased its holdings in shares of FS KKR Capital by 1.1% during the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock worth $37,387,000 after buying an additional 19,367 shares during the last quarter. Transcend Capital Advisors LLC increased its holdings in shares of FS KKR Capital by 2.3% during the 1st quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company’s stock worth $29,453,000 after buying an additional 31,039 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of FS KKR Capital by 4.8% during the 1st quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock worth $20,303,000 after buying an additional 44,087 shares during the last quarter. Finally, Fountainhead AM LLC increased its holdings in shares of FS KKR Capital by 1.2% during the 1st quarter. Fountainhead AM LLC now owns 898,059 shares of the company’s stock worth $18,814,000 after buying an additional 10,565 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Down 1.5%

NYSE:FSK opened at $14.16 on Monday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average price of $16.96 and a 200 day moving average price of $19.39. FS KKR Capital Corp. has a fifty-two week low of $14.05 and a fifty-two week high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The company 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 in the previous year, the business posted $0.75 EPS. As a group, equities analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 18.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is currently 328.21%.

Wall Street Analyst Weigh In

FSK has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a report on Monday, October 6th. Finally, Royal Bank Of Canada cut their price target on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and a consensus price target of $17.75.

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.