Belpointe Asset Management LLC Sells 13,033 Shares of FS KKR Capital Corp. $FSK

Belpointe Asset Management LLC trimmed its stake in FS KKR Capital Corp. (NYSE:FSK) by 44.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 16,612 shares of the company’s stock after selling 13,033 shares during the period. Belpointe Asset Management LLC’s holdings in FS KKR Capital were worth $345,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of FS KKR Capital by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock valued at $5,612,000 after purchasing an additional 32,258 shares during the last quarter. Legacy Capital Group California Inc. lifted its stake 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 purchasing an additional 24,758 shares during the last quarter. 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 last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of FS KKR Capital in the first quarter worth approximately $6,383,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of FS KKR Capital by 5.9% in the first quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock worth $356,000 after buying an additional 945 shares during the period. 36.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FSK shares. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reduced their price target 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. Finally, JPMorgan Chase & Co. reduced their price target 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. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.75.

FS KKR Capital Stock Down 1.5%

FSK opened at $14.16 on Friday. The stock’s fifty day moving average is $16.96 and its two-hundred day moving average is $19.41. FS KKR Capital Corp. has a 52 week low of $14.05 and a 52 week high of $24.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share 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 during the quarter, compared to analysts’ expectations of $402.00 million. During the same period in the previous year, the company posted $0.75 EPS. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $0.64 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a dividend yield of 18.1%. FS KKR Capital’s dividend payout ratio (DPR) is currently 328.21%.

FS KKR Capital Company 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.