Rockport Wealth LLC Has $313,000 Position in FS KKR Capital Corp. (NYSE:FSK)

Rockport Wealth LLC lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 29.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,710 shares of the company’s stock after acquiring an additional 3,360 shares during the period. Rockport Wealth LLC’s holdings in FS KKR Capital were worth $313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC increased its stake in FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after purchasing an additional 104,016 shares in the last quarter. Inspire Advisors LLC increased its stake in FS KKR Capital by 28.6% during the 4th quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock valued at $2,387,000 after purchasing an additional 24,443 shares in the last quarter. Proactive Wealth Strategies LLC increased its stake in FS KKR Capital by 24.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock valued at $1,411,000 after purchasing an additional 12,926 shares in the last quarter. Advisors Asset Management Inc. increased its stake in FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after purchasing an additional 39,086 shares in the last quarter. Finally, Graypoint LLC increased its stake in FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after purchasing an additional 26,174 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. JPMorgan Chase & Co. upped their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.70.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $21.44 on Monday. The company’s 50-day moving average is $22.68 and its 200 day moving average is $21.43. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $6.00 billion, a P/E ratio of 11.40 and a beta of 1.22. FS KKR Capital Corp. has a fifty-two week low of $18.33 and a fifty-two week high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.06%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

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.