Kestra Private Wealth Services LLC Reduces Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Kestra Private Wealth Services LLC lowered its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 11.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 75,751 shares of the company’s stock after selling 10,242 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in FS KKR Capital were worth $1,513,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FSK. Bank of New York Mellon Corp lifted its position in shares of FS KKR Capital by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock worth $1,901,000 after purchasing an additional 570 shares during the period. Beacon Financial Advisory LLC lifted its position in shares of FS KKR Capital by 1.0% in the 3rd quarter. Beacon Financial Advisory LLC now owns 60,278 shares of the company’s stock worth $1,187,000 after purchasing an additional 572 shares during the period. Raleigh Capital Management Inc. increased its stake in shares of FS KKR Capital by 20.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after acquiring an additional 575 shares in the last quarter. IFG Advisory LLC increased its stake in shares of FS KKR Capital by 0.7% in the 4th quarter. IFG Advisory LLC now owns 88,292 shares of the company’s stock worth $1,763,000 after acquiring an additional 633 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of FS KKR Capital by 0.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company’s stock worth $4,442,000 after acquiring an additional 764 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on FSK shares. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. Hovde Group reaffirmed a “market perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Wells Fargo & Company increased their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Royal Bank of Canada lowered their price objective on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. lifted their target price on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and a consensus price target of $20.17.

FS KKR Capital Stock Performance

FSK stock opened at $19.22 on Friday. The company has a market cap of $5.38 billion, a P/E ratio of 7.72 and a beta of 1.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital Corp. has a 1 year low of $17.50 and a 1 year high of $20.99. The stock’s fifty day moving average price is $19.02 and its 200-day moving average price is $19.65.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. During the same period in the previous year, the company posted $0.81 EPS. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a yield of 13.32%. FS KKR Capital’s dividend payout ratio is currently 102.81%.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak acquired 7,300 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares in the company, valued at approximately $745,454. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.22% of the company’s stock.

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.