Secure Asset Management LLC Acquires 1,637 Shares of FS KKR Capital Corp. (NYSE:FSK)

Secure Asset Management LLC boosted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,837 shares of the company’s stock after acquiring an additional 1,637 shares during the period. Secure Asset Management LLC’s holdings in FS KKR Capital were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. Alpha Wealth Funds LLC lifted its position in shares of FS KKR Capital by 29.2% during the first quarter. Alpha Wealth Funds LLC now owns 55,094 shares of the company’s stock valued at $1,154,000 after buying an additional 12,453 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of FS KKR Capital by 23.9% during the first quarter. Merit Financial Group LLC now owns 83,341 shares of the company’s stock valued at $1,746,000 after buying an additional 16,093 shares during the last quarter. Strong Tower Advisory Services lifted its position in shares of FS KKR Capital by 5.1% during the first quarter. Strong Tower Advisory Services now owns 1,125,576 shares of the company’s stock valued at $23,581,000 after buying an additional 55,054 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of FS KKR Capital during the first quarter valued at about $492,000. Finally, Parallel Advisors LLC lifted its position in shares of FS KKR Capital by 47.8% during the first quarter. Parallel Advisors LLC now owns 7,407 shares of the company’s stock valued at $155,000 after buying an additional 2,395 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $21.14 on Thursday. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. 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 firm has a market capitalization of $5.92 billion, a P/E ratio of 11.24 and a beta of 0.98. The company has a 50 day moving average price of $20.15 and a 200 day moving average price of $21.43.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. During the same period last year, the firm posted $0.62 EPS. FS KKR Capital’s revenue for the quarter was down 7.8% compared to the same quarter last year. Sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 12.11%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital’s dividend payout ratio is presently 134.74%.

Analyst Ratings Changes

FSK has been the subject of several analyst reports. Royal Bank of Canada decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Oppenheimer decreased their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. Finally, B. Riley initiated coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price objective for the company. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.50.

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.