Valeo Financial Advisors LLC Purchases 2,495 Shares of FS KKR Capital Corp. $FSK

Valeo Financial Advisors LLC grew its position in FS KKR Capital Corp. (NYSE:FSK) by 15.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,426 shares of the company’s stock after purchasing an additional 2,495 shares during the period. Valeo Financial Advisors LLC’s holdings in FS KKR Capital were worth $382,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of FS KKR Capital by 2.8% in the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after acquiring an additional 98,647 shares during the last quarter. Cura Wealth Advisors LLC increased its position in shares of FS KKR Capital by 1.1% in the first quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock valued at $37,387,000 after acquiring an additional 19,367 shares during the last quarter. Transcend Capital Advisors LLC increased its position in shares of FS KKR Capital by 2.3% in the first quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company’s stock valued at $29,453,000 after acquiring an additional 31,039 shares during the last quarter. Cetera Investment Advisers increased its position in shares of FS KKR Capital by 4.8% in the first quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock valued at $20,303,000 after acquiring an additional 44,087 shares during the last quarter. Finally, Fountainhead AM LLC increased its position in shares of FS KKR Capital by 1.2% in the first quarter. Fountainhead AM LLC now owns 898,059 shares of the company’s stock valued at $18,814,000 after acquiring an additional 10,565 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research raised FS KKR Capital to a “strong sell” rating in a research report on Friday, August 8th. Royal Bank Of Canada lowered their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 26th. Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $17.75.

FS KKR Capital Trading Down 0.7%

Shares of NYSE:FSK opened at $14.35 on Friday. FS KKR Capital Corp. has a 12-month low of $14.27 and a 12-month high of $24.10. The business has a 50 day moving average of $17.09 and a 200-day moving average of $19.46. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 19.5%. The ex-dividend date was Wednesday, September 17th. FS KKR Capital’s dividend payout ratio is presently 328.21%.

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.