FS KKR Capital Corp. (NYSE:FSK) Position Cut by Integrated Advisors Network LLC

Integrated Advisors Network LLC trimmed its stake in FS KKR Capital Corp. (NYSE:FSK) by 6.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 81,144 shares of the company’s stock after selling 5,272 shares during the quarter. Integrated Advisors Network LLC’s holdings in FS KKR Capital were worth $1,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of FS KKR Capital during the fourth quarter valued at $395,000. GSA Capital Partners LLP increased its holdings in shares of FS KKR Capital by 92.7% during the fourth quarter. GSA Capital Partners LLP now owns 139,440 shares of the company’s stock valued at $2,785,000 after purchasing an additional 67,097 shares during the period. United Advisor Group LLC acquired a new position in shares of FS KKR Capital during the fourth quarter valued at $2,916,000. Financial Network Wealth Advisors LLC acquired a new position in shares of FS KKR Capital during the fourth quarter valued at $315,000. Finally, Buckingham Strategic Partners LLC increased its holdings in shares of FS KKR Capital by 7.7% during the fourth quarter. Buckingham Strategic Partners LLC now owns 111,185 shares of the company’s stock valued at $2,220,000 after purchasing an additional 7,931 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FSK. B. Riley reissued a “buy” rating and set a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. Compass Point lowered FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $21.50 to $19.50 in a report on Tuesday, February 27th. Truist Financial lowered their target price on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. lifted their target price on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.28.

FS KKR Capital Trading Up 0.2 %

FSK traded up $0.04 during trading on Friday, reaching $19.53. The company had a trading volume of 1,175,863 shares, compared to its average volume of 1,161,229. The firm’s 50-day simple moving average is $19.73 and its 200 day simple moving average is $19.78. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 8.14 and a beta of 1.24. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.80 dividend on an annualized basis and a yield of 14.34%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 106.67%.

Insiders Place Their Bets

In other FS KKR Capital news, Director Barbara Adams acquired 3,381 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the transaction, the director now owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.