FS KKR Capital Corp. $FSK Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC decreased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 18.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,270 shares of the company’s stock after selling 5,469 shares during the quarter. Mutual Advisors LLC’s holdings in FS KKR Capital were worth $540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FSK. Goldman Sachs Group Inc. grew its position in FS KKR Capital by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after purchasing an additional 32,258 shares during the last quarter. Legacy Capital Group California Inc. lifted its position in shares of FS KKR Capital by 14.2% in the 2nd quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock valued at $4,133,000 after acquiring an additional 24,758 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of FS KKR Capital by 35.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock valued at $607,000 after acquiring an additional 7,620 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of FS KKR Capital in the 1st quarter valued at approximately $6,383,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of FS KKR Capital by 5.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock valued at $356,000 after acquiring an additional 945 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FSK shares. Royal Bank Of Canada cut their target price on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 26th. Wall Street Zen raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. JPMorgan Chase & Co. dropped their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Finally, Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.75.

FS KKR Capital Price Performance

FSK opened at $14.82 on Monday. FS KKR Capital Corp. has a one year low of $14.05 and a one year high of $24.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. The company’s 50 day simple moving average is $16.51 and its 200-day simple moving average is $19.17.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate 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 period last year, the company earned $0.75 earnings per share. Sell-side 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. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 17.3%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is 328.21%.

About FS KKR Capital

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.