Endowment Wealth Management Inc. Has $1.78 Million Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Endowment Wealth Management Inc. lowered its holdings in FS KKR Capital Corp. (NYSE:FSK) by 3.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,422 shares of the company’s stock after selling 3,028 shares during the quarter. FS KKR Capital accounts for about 1.2% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 24th largest position. Endowment Wealth Management Inc.’s holdings in FS KKR Capital were worth $1,784,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its holdings in FS KKR Capital by 30.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after acquiring an additional 14,977 shares in the last quarter. Fountainhead AM LLC lifted its position in FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after purchasing an additional 71,644 shares during the period. Cetera Advisors LLC boosted its stake in FS KKR Capital by 39.3% during the first quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock worth $8,231,000 after buying an additional 121,754 shares in the last quarter. Waverly Advisors LLC bought a new stake in FS KKR Capital in the 1st quarter valued at $2,473,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of FS KKR Capital by 30.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock valued at $2,422,000 after buying an additional 28,889 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Trading Up 0.7 %

Shares of FSK opened at $21.16 on Thursday. The stock has a fifty day moving average price of $20.17 and a two-hundred day moving average price of $20.00. 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 cap of $5.92 billion, a price-to-earnings ratio of 11.25 and a beta of 1.25. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $21.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.80 EPS. Analysts predict that FS KKR Capital Corp. will post 2.88 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FSK. Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company dropped their price objective on 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.94.

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.