Strong Tower Advisory Services Has $17.90 Million Holdings in FS KKR Capital Corp. (NYSE:FSK)

Strong Tower Advisory Services grew its holdings in FS KKR Capital Corp. (NYSE:FSK) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 896,457 shares of the company’s stock after purchasing an additional 14,739 shares during the quarter. FS KKR Capital makes up 7.9% of Strong Tower Advisory Services’ investment portfolio, making the stock its largest position. Strong Tower Advisory Services’ holdings in FS KKR Capital were worth $17,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Center for Financial Planning Inc. boosted its holdings in shares of FS KKR Capital by 147.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after buying an additional 1,179 shares during the period. Planned Solutions Inc. acquired a new position in FS KKR Capital during the 4th quarter valued at $40,000. Worth Asset Management LLC acquired a new position in FS KKR Capital during the 1st quarter valued at $43,000. Retirement Group LLC acquired a new position in shares of FS KKR Capital in the 4th quarter valued at $39,000. Finally, Provence Wealth Management Group acquired a new position in shares of FS KKR Capital in the 3rd quarter valued at $45,000. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Up 0.6 %

Shares of NYSE FSK opened at $19.07 on Friday. The firm has a market capitalization of $5.34 billion, a PE ratio of 7.66 and a beta of 1.24. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. FS KKR Capital Corp. has a 1 year low of $17.50 and a 1 year high of $20.99. The firm’s 50-day moving average is $19.61 and its 200-day moving average is $19.75.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same period last year, the company posted $0.81 EPS. Equities analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th will be given a $0.64 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.43%. FS KKR Capital’s dividend payout ratio is 102.81%.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 7,300 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of FS KKR Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Truist Financial dropped their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Finally, Hovde Group reiterated a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and a consensus target price of $20.06.

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.