MAI Capital Management Has $1.05 Million Holdings in FS KKR Capital Corp. (NYSE:FSK)

MAI Capital Management lessened its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 24.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 53,350 shares of the company’s stock after selling 16,900 shares during the quarter. MAI Capital Management’s holdings in FS KKR Capital were worth $1,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FSK. Summit Securities Group LLC bought a new position in shares of FS KKR Capital during the second quarter worth approximately $30,000. Ridgewood Investments LLC bought a new position in shares of FS KKR Capital during the second quarter worth about $37,000. Rothschild Investment LLC acquired a new position in shares of FS KKR Capital in the 2nd quarter worth approximately $39,000. Financial Gravity Asset Management Inc. boosted its position in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after acquiring an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $21.57 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 11.51 and a beta of 1.25. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $21.69. The business’s 50 day simple moving average is $20.31 and its 200 day simple moving average is $20.07.

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

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.70 dividend. The ex-dividend date 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 dividend payout ratio is currently 136.17%.

Analysts Set New Price Targets

FSK has been the subject of several research analyst reports. Wells Fargo & Company decreased 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 note on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, FS KKR Capital currently has an average rating of “Hold” and an average target price of $20.06.

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.