Kingswood Wealth Advisors LLC Sells 673,350 Shares of FS KKR Capital Corp. $FSK

Kingswood Wealth Advisors LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 85.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,675 shares of the company’s stock after selling 673,350 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in FS KKR Capital were worth $2,380,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FSK. Bison Wealth LLC boosted its stake in shares of FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after acquiring an additional 720 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in FS KKR Capital by 9.4% in the first quarter. Farther Finance Advisors LLC now owns 18,601 shares of the company’s stock valued at $397,000 after acquiring an additional 1,603 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of FS KKR Capital by 236.5% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 179,024 shares of the company’s stock valued at $3,751,000 after purchasing an additional 125,824 shares during the period. SJS Investment Consulting Inc. boosted its holdings in FS KKR Capital by 52.8% in the first quarter. SJS Investment Consulting Inc. now owns 3,419 shares of the company’s stock worth $72,000 after purchasing an additional 1,181 shares in the last quarter. Finally, CX Institutional bought a new position in FS KKR Capital during the first quarter worth about $156,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 1.8%

Shares of NYSE:FSK opened at $14.69 on Tuesday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31. The firm’s 50-day simple moving average is $17.50 and its 200-day simple moving average is $19.58. FS KKR Capital Corp. has a fifty-two week low of $14.66 and a fifty-two week high of $24.10. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 18.83 and a beta of 0.94.

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

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Wednesday, September 17th were issued a $0.70 dividend. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 19.1%. FS KKR Capital’s dividend payout ratio is 328.21%.

Analysts Set New Price Targets

FSK has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research report on Saturday, September 27th. JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Friday. Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company reduced 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. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. 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.