Fortis Group Advisors LLC Purchases 3,503 Shares of FS KKR Capital Corp. (NYSE:FSK)

Fortis Group Advisors LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 100.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,006 shares of the company’s stock after acquiring an additional 3,503 shares during the period. Fortis Group Advisors LLC’s holdings in FS KKR Capital were worth $140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSK. HighTower Advisors LLC boosted its stake in FS KKR Capital by 3.5% during the third quarter. HighTower Advisors LLC now owns 272,869 shares of the company’s stock valued at $5,373,000 after buying an additional 9,308 shares during the last quarter. UBS Group AG lifted its stake in shares of FS KKR Capital by 28.4% in the 3rd quarter. UBS Group AG now owns 741,538 shares of the company’s stock valued at $14,601,000 after purchasing an additional 164,043 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of FS KKR Capital by 57.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 20,150 shares of the company’s stock valued at $397,000 after purchasing an additional 7,320 shares during the last quarter. WCG Wealth Advisors LLC lifted its stake in shares of FS KKR Capital by 271.2% in the 3rd quarter. WCG Wealth Advisors LLC now owns 121,040 shares of the company’s stock valued at $2,383,000 after purchasing an additional 88,428 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of FS KKR Capital by 0.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company’s stock valued at $4,442,000 after purchasing an additional 764 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Barbara Adams purchased 3,381 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the acquisition, the director now owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FSK has been the subject of several analyst reports. Compass Point lowered FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. B. Riley reaffirmed a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company upgraded FS KKR Capital from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $19.00 to $21.00 in a report on Wednesday, May 29th. Finally, Truist Financial reduced their price target on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.28.

FS KKR Capital Trading Up 0.2 %

FSK traded up $0.04 during trading on Friday, hitting $19.53. 1,175,863 shares of the stock were exchanged, compared to its average volume of 1,161,229. The firm has a 50 day simple moving average of $19.73 and a 200 day simple moving average of $19.78. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 8.14 and a beta of 1.24. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $434.00 million for the quarter, compared to the consensus estimate of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. As a group, equities analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.70 per share. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 14.34%. The ex-dividend date is Wednesday, June 12th. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

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.