LexAurum Advisors LLC Reduces Holdings in FS KKR Capital Corp. (NYSE:FSK)

LexAurum Advisors LLC lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 16.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,871 shares of the company’s stock after selling 8,120 shares during the period. LexAurum Advisors LLC’s holdings in FS KKR Capital were worth $835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FSK. Marshall & Sterling Wealth Advisors Inc. acquired a new position in FS KKR Capital in the fourth quarter worth $33,000. Fourth Dimension Wealth LLC acquired a new stake in FS KKR Capital in the fourth quarter worth about $33,000. Jones Financial Companies Lllp raised its position in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after acquiring an additional 1,554 shares in the last quarter. Anchor Investment Management LLC bought a new stake in FS KKR Capital in the fourth quarter worth about $54,000. Finally, Roxbury Financial LLC bought a new stake in FS KKR Capital in the fourth quarter worth about $69,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 1.2%

Shares of FS KKR Capital stock opened at $21.30 on Friday. The stock has a market capitalization of $5.97 billion, a P/E ratio of 11.33 and a beta of 0.98. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a 50 day moving average price of $20.15 and a two-hundred day moving average price of $21.43. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10.

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

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.64 per share. 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 12.02%. FS KKR Capital’s payout ratio is currently 134.74%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company dropped their target price on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada lowered their price target on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a research note on Thursday, May 15th. Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Finally, B. Riley started coverage on FS KKR Capital in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price target for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.50.

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.