FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 76,240 shares of the company’s stock after selling 778 shares during the period. Integrated Advisors Network LLC’s holdings in FS KKR Capital were worth $1,656,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FSK. Van ECK Associates Corp increased its holdings in shares of FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after buying an additional 673,420 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock worth $94,989,000 after buying an additional 91,192 shares during the last quarter. LPL Financial LLC increased its holdings in shares of FS KKR Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock worth $77,837,000 after buying an additional 119,593 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of FS KKR Capital by 8.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company’s stock worth $30,827,000 after buying an additional 106,641 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in shares of FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock worth $29,862,000 after buying an additional 128,856 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Up 0.5%

Shares of FS KKR Capital stock opened at $20.93 on Monday. The company has a fifty day moving average price of $20.10 and a 200 day moving average price of $21.43. 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 twelve month low of $17.42 and a twelve month high of $24.10. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 11.13 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $400.00 million during the quarter, compared to analysts’ expectations of $395.22 million. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was down 7.8% on a year-over-year basis. Equities research analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be given a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 dividend on an annualized basis and a yield of 12.23%. FS KKR Capital’s payout ratio is currently 134.74%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FSK. Keefe, Bruyette & Woods dropped their price objective on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. B. Riley began coverage on FS KKR Capital in a report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price objective for the company. Royal Bank of Canada dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. Wells Fargo & Company dropped their price objective on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Monday, April 28th. Finally, Oppenheimer decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and a consensus target price of $19.50.

About FS KKR Capital

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.