Cullen Frost Bankers Inc. Sells 1,213 Shares of FS KKR Capital Corp. $FSK

Cullen Frost Bankers Inc. decreased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 11.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,600 shares of the company’s stock after selling 1,213 shares during the period. Cullen Frost Bankers Inc.’s holdings in FS KKR Capital were worth $199,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FLC Capital Advisors increased its stake in shares of FS KKR Capital by 12.5% in the 2nd quarter. FLC Capital Advisors now owns 26,915 shares of the company’s stock valued at $558,000 after purchasing an additional 2,997 shares during the last quarter. Alpha Wealth Funds LLC boosted its holdings in shares of FS KKR Capital by 4.5% during the 2nd quarter. Alpha Wealth Funds LLC now owns 57,574 shares of the company’s stock valued at $1,195,000 after acquiring an additional 2,480 shares in the last quarter. Vista Finance LLC boosted its holdings in shares of FS KKR Capital by 21.9% during the 2nd quarter. Vista Finance LLC now owns 224,575 shares of the company’s stock valued at $4,660,000 after acquiring an additional 40,365 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of FS KKR Capital by 3.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 184,547 shares of the company’s stock valued at $3,829,000 after acquiring an additional 5,932 shares in the last quarter. Finally, Rik Saylor Financial Inc. boosted its holdings in shares of FS KKR Capital by 0.4% during the 2nd quarter. Rik Saylor Financial Inc. now owns 192,706 shares of the company’s stock valued at $3,999,000 after acquiring an additional 829 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK opened at $15.26 on Friday. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. The stock’s 50-day moving average price is $16.26 and its two-hundred day moving average price is $19.05. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last announced its 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). The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 annualized dividend and a dividend yield of 16.8%. FS KKR Capital’s dividend payout ratio (DPR) is 328.21%.

Analysts Set New Price Targets

Several research firms recently weighed in on FSK. JPMorgan Chase & Co. cut their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Keefe, Bruyette & Woods cut their price objective on 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. Royal Bank Of Canada cut their price objective on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price on the stock in a report on Monday, October 6th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average target price of $17.75.

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.