OneAscent Financial Services LLC Invests $245,000 in FS KKR Capital Corp. (NYSE:FSK)

OneAscent Financial Services LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,969 shares of the company’s stock, valued at approximately $245,000.

Several other large investors have also recently added to or reduced their stakes in FSK. Wedbush Securities Inc. boosted its holdings in shares of FS KKR Capital by 1.4% in the 2nd quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock valued at $797,000 after purchasing an additional 573 shares during the last quarter. Focus Financial Network Inc. grew its position in FS KKR Capital by 3.2% during the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after acquiring an additional 719 shares during the period. Souders Financial Advisors increased its stake in FS KKR Capital by 3.9% during the second quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock worth $497,000 after acquiring an additional 950 shares during the last quarter. PFG Investments LLC raised its holdings in shares of FS KKR Capital by 1.4% in the 2nd quarter. PFG Investments LLC now owns 68,775 shares of the company’s stock worth $1,357,000 after purchasing an additional 952 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in shares of FS KKR Capital by 1.9% in the 3rd quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after purchasing an additional 991 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $21.56 on Wednesday. The firm’s fifty day moving average price is $20.23 and its 200 day moving average price is $20.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 11.47 and a beta of 1.25. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.60.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the previous year, the company earned $0.80 earnings per share. On average, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is 136.17%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday. Wells Fargo & Company reduced their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six 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, FS KKR Capital has an average rating of “Hold” and a consensus price target of $20.06.

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.