Flagship Private Wealth LLC Sells 11,564 Shares of FS KKR Capital Corp. (NYSE:FSK)

Flagship Private Wealth LLC cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 25.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,986 shares of the company’s stock after selling 11,564 shares during the period. Flagship Private Wealth LLC’s holdings in FS KKR Capital were worth $712,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Van ECK Associates Corp grew its position in FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after buying an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC grew its position in FS KKR Capital by 2.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock worth $94,989,000 after buying an additional 91,192 shares in the last quarter. LPL Financial LLC grew its position in FS KKR Capital by 3.5% during the fourth quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock worth $77,837,000 after buying an additional 119,593 shares in the last quarter. Ameriprise Financial Inc. grew its position in FS KKR Capital by 8.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company’s stock worth $30,827,000 after buying an additional 106,641 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its position in FS KKR Capital by 10.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock worth $29,862,000 after buying an additional 128,856 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FSK shares. B. Riley started coverage on FS KKR Capital in a research report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 target price on the stock. Wells Fargo & Company decreased their price objective on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada decreased their price objective on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Oppenheimer decreased their price objective on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.50.

FS KKR Capital Stock Up 1.2%

NYSE FSK opened at $21.30 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average is $20.15 and its two-hundred day moving average is $21.43. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. Equities analysts forecast 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, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s payout ratio is currently 134.74%.

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.