11,969 Shares in FS KKR Capital Corp. (NYSE:FSK) Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,969 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fountainhead AM LLC grew its holdings in FS KKR Capital by 9.8% during the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after acquiring an additional 71,644 shares during the period. Cetera Advisors LLC grew its stake in shares of FS KKR Capital by 39.3% during the 1st quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock worth $8,231,000 after purchasing an additional 121,754 shares during the period. Waverly Advisors LLC purchased a new position in shares of FS KKR Capital in the 1st quarter valued at about $2,473,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of FS KKR Capital by 30.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock valued at $2,422,000 after purchasing an additional 28,889 shares during the period. Finally, Naviter Wealth LLC boosted its holdings in FS KKR Capital by 83.9% during the second quarter. Naviter Wealth LLC now owns 241,489 shares of the company’s stock worth $4,916,000 after buying an additional 110,191 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Up 1.5 %

Shares of FS KKR Capital stock opened at $21.56 on Wednesday. The business has a 50 day moving average price of $20.23 and a 200 day moving average price of $20.04. The company has a market capitalization of $6.04 billion, a P/E ratio of 11.47 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $21.60.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.80 earnings per share. Sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FSK. Wells Fargo & Company reduced their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada raised their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, FS KKR Capital has an average 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.