FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 925,051 shares of the company’s stock after selling 4,485 shares during the quarter. Cetera Investment Advisers owned 0.33% of FS KKR Capital worth $20,092,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FSK. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in FS KKR Capital during the fourth quarter valued at $33,000. Jones Financial Companies Lllp boosted its stake in shares of FS KKR Capital by 194.5% during the 4th 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. FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at about $52,000. Anchor Investment Management LLC purchased a new position in shares of FS KKR Capital in the 4th quarter valued at about $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on FSK. JPMorgan Chase & Co. dropped 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 price target on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lifted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, FS KKR Capital currently has an average rating of “Hold” and a consensus price target of $19.90.

FS KKR Capital Stock Up 3.0 %

Shares of FSK opened at $20.04 on Friday. The stock has a 50 day moving average price of $20.33 and a 200 day moving average price of $21.39. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 10.66 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last released 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 business had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 12.78%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s dividend payout ratio (DPR) is 134.74%.

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.