Signature Estate & Investment Advisors LLC Lowers Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Signature Estate & Investment Advisors LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 14.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,427 shares of the company’s stock after selling 2,388 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in FS KKR Capital were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC raised its stake in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after purchasing an additional 3,012,711 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of FS KKR Capital during the second quarter valued at approximately $19,544,000. Cetera Investment Advisers lifted its holdings in shares of FS KKR Capital by 368.3% in the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after buying an additional 697,453 shares in the last quarter. Maia Wealth LLC bought a new position in shares of FS KKR Capital during the second quarter worth $10,560,000. Finally, 1832 Asset Management L.P. grew its stake in FS KKR Capital by 529.7% during the first quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after acquiring an additional 513,239 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FSK. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company dropped their price target 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 given a buy rating to the company. Based on data from MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and a consensus price target of $19.94.

FS KKR Capital Trading Up 0.2 %

FSK opened at $21.16 on Friday. The stock has a 50-day moving average of $20.21 and a 200 day moving average of $20.02. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $21.30. The firm has a market cap of $5.93 billion, a P/E ratio of 11.26 and a beta of 1.25.

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

FS KKR Capital Increases Dividend

The company 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 $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is currently 136.17%.

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.