OneAscent Financial Services LLC Boosts Position in FS KKR Capital Corp. (NYSE:FSK)

OneAscent Financial Services LLC increased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 36.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,368 shares of the company’s stock after acquiring an additional 4,399 shares during the quarter. OneAscent Financial Services LLC’s holdings in FS KKR Capital were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC lifted its position in shares of FS KKR Capital by 86.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after purchasing an additional 104,016 shares during the period. Inspire Advisors LLC lifted its holdings in FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after buying an additional 24,443 shares during the period. Proactive Wealth Strategies LLC boosted its position 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 acquiring an additional 12,926 shares in the last quarter. Graypoint LLC grew its holdings in shares of FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after acquiring an additional 26,174 shares during the period. Finally, J.W. Cole Advisors Inc. raised its position in shares of FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock worth $4,473,000 after acquiring an additional 27,110 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FSK shares. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods boosted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price target 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 boosted their price objective 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, Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $21.00 to $19.00 in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and an average price target of $21.30.

FS KKR Capital Stock Down 2.4 %

NYSE:FSK opened at $20.77 on Friday. 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 firm has a market cap of $5.82 billion, a P/E ratio of 11.05 and a beta of 0.98. FS KKR Capital Corp. has a fifty-two week low of $18.53 and a fifty-two week high of $24.10. The firm has a 50-day simple moving average of $22.43 and a two-hundred day simple moving average of $21.51.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data 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). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. Analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.48%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital’s payout ratio is currently 122.49%.

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.