Creative Financial Designs Inc. ADV Purchases 2,735 Shares of FS KKR Capital Corp. (NYSE:FSK)

Creative Financial Designs Inc. ADV grew its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 22.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,119 shares of the company’s stock after buying an additional 2,735 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in FS KKR Capital were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FSK. Kendall Capital Management raised its holdings in shares of FS KKR Capital by 2.3% in the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock worth $497,000 after purchasing an additional 517 shares during the period. Endowment Wealth Management Inc. raised its holdings in shares of FS KKR Capital by 0.6% in the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock worth $1,977,000 after purchasing an additional 582 shares during the period. Wescott Financial Advisory Group LLC raised its holdings in shares of FS KKR Capital by 2.9% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after purchasing an additional 600 shares during the period. Lloyd Advisory Services LLC. raised its holdings in shares of FS KKR Capital by 6.7% in the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock worth $232,000 after purchasing an additional 667 shares during the period. Finally, McIlrath & Eck LLC raised its holdings in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. Institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FSK shares. Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $21.00 to $19.00 in a report on Monday. Royal Bank of Canada lifted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.30.

FS KKR Capital Stock Down 3.6 %

FSK opened at $20.48 on Thursday. The company has a fifty day moving average price of $22.64 and a 200-day moving average price of $21.43. The firm has a market capitalization of $5.74 billion, a P/E ratio of 10.89 and a beta of 1.22. 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 one year low of $18.38 and a one year high of $24.10.

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

FS KKR Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.67%. FS KKR Capital’s dividend payout ratio (DPR) is currently 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.