BLB&B Advisors LLC Trims Position in FS KKR Capital Corp. $FSK

BLB&B Advisors LLC cut its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,097 shares of the company’s stock after selling 1,701 shares during the quarter. BLB&B Advisors LLC’s holdings in FS KKR Capital were worth $1,455,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC grew its stake in shares of FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after purchasing an additional 720 shares during the period. Oppenheimer & Co. Inc. lifted its stake 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 purchasing an additional 945 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 purchasing an additional 7,620 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of FS KKR Capital by 14.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 632,033 shares of the company’s stock valued at $13,241,000 after purchasing an additional 78,784 shares during the period. Finally, Rossby Financial LCC acquired a new position in shares of FS KKR Capital in the 1st quarter valued at $162,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

Shares of FSK opened at $15.05 on Friday. FS KKR Capital Corp. has a 52-week low of $14.05 and a 52-week high of $24.10. 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 fifty day moving average is $16.07 and its two-hundred day moving average is $18.94.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $402.00 million. During the same period last year, the firm earned $0.75 EPS. Equities analysts predict 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, December 17th. Shareholders 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 yield of 17.0%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s payout ratio is 328.21%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FSK shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased 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 note on Tuesday, August 26th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price for the company in a research note on Monday, October 6th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Finally, Keefe, Bruyette & Woods dropped 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.