Endowment Wealth Management Inc. Has $1.78 Million Holdings in FS KKR Capital Corp. (NYSE:FSK)

Endowment Wealth Management Inc. lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,422 shares of the company’s stock after selling 3,028 shares during the quarter. FS KKR Capital makes up approximately 1.2% of Endowment Wealth Management Inc.’s holdings, making the stock its 24th biggest holding. Endowment Wealth Management Inc.’s holdings in FS KKR Capital were worth $1,784,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Proactive Wealth Strategies LLC acquired a new stake in shares of FS KKR Capital during the third quarter worth $1,027,000. First National Trust Co boosted its holdings in FS KKR Capital by 108.7% during the third quarter. First National Trust Co now owns 96,636 shares of the company’s stock worth $1,907,000 after buying an additional 50,327 shares during the last quarter. Fountainhead AM LLC grew its position in shares of FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after buying an additional 71,644 shares during the period. Sigma Planning Corp increased its stake in shares of FS KKR Capital by 11.0% in the 3rd quarter. Sigma Planning Corp now owns 193,681 shares of the company’s stock valued at $3,821,000 after acquiring an additional 19,210 shares during the last quarter. Finally, Confluence Investment Management LLC raised its position in shares of FS KKR Capital by 1.9% in the 3rd quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after acquiring an additional 991 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.94.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $21.16 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 11.25 and a beta of 1.25. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $21.25. The stock’s 50-day moving average is $20.17 and its 200-day moving average is $20.00.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations 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 period last year, the business earned $0.80 EPS. Equities analysts predict that FS KKR Capital Corp. will post 2.88 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

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

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.