PFG Investments LLC Cuts Stock Holdings in FS KKR Capital Corp. $FSK

PFG Investments LLC trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,593 shares of the company’s stock after selling 3,580 shares during the period. PFG Investments LLC’s holdings in FS KKR Capital were worth $1,340,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. LPL Financial LLC lifted its position in FS KKR Capital by 2.8% during the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after purchasing an additional 98,647 shares during the last quarter. Cura Wealth Advisors LLC lifted its position in FS KKR Capital by 1.1% during the first quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock valued at $37,387,000 after purchasing an additional 19,367 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in FS KKR Capital by 2.3% during the first quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company’s stock valued at $29,453,000 after purchasing an additional 31,039 shares during the last quarter. Cetera Investment Advisers lifted its position in FS KKR Capital by 4.8% during the first quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock valued at $20,303,000 after purchasing an additional 44,087 shares during the last quarter. Finally, Fountainhead AM LLC lifted its position in FS KKR Capital by 1.2% during the first quarter. Fountainhead AM LLC now owns 898,059 shares of the company’s stock valued at $18,814,000 after purchasing an additional 10,565 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK opened at $14.83 on Thursday. FS KKR Capital Corp. has a 1-year low of $14.77 and a 1-year high of $24.10. The company has a 50-day moving average of $17.93 and a 200 day moving average of $19.72. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. During the same quarter in the previous year, the business earned $0.75 EPS. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Wednesday, September 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 18.9%. The ex-dividend date is Wednesday, September 17th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 328.21%.

Wall Street Analysts Forecast Growth

FSK has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Zacks Research upgraded shares of FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, August 8th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $17.75.

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.