Atria Wealth Solutions Inc. Decreases Holdings in FS KKR Capital Corp. $FSK

Atria Wealth Solutions Inc. trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 78.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,505 shares of the company’s stock after selling 138,444 shares during the period. Atria Wealth Solutions Inc.’s holdings in FS KKR Capital were worth $780,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings 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 in the last quarter. Cura Wealth Advisors LLC lifted its holdings 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 in the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of FS KKR Capital by 2.3% in the first quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company’s stock worth $29,453,000 after buying an additional 31,039 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of FS KKR Capital by 4.8% in the first quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock worth $20,303,000 after buying an additional 44,087 shares in the last quarter. Finally, Fountainhead AM LLC lifted its stake in shares of FS KKR Capital by 1.2% in the first quarter. Fountainhead AM LLC now owns 898,059 shares of the company’s stock worth $18,814,000 after buying an additional 10,565 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on FSK. Wall Street Zen raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. decreased their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased their price target on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $17.75.

FS KKR Capital Stock Up 0.4%

Shares of FSK stock opened at $14.82 on Friday. 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 moving average is $16.51 and its two-hundred day moving average is $19.18. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, August 6th. The company reported ($0.60) 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 firm had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same period last year, the firm earned $0.75 earnings per share. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a dividend yield of 17.3%. FS KKR Capital’s dividend payout ratio (DPR) is currently 328.21%.

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.