Savvy Advisors Inc. Sells 2,302 Shares of FS KKR Capital Corp. $FSK

Savvy Advisors Inc. lowered its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,944 shares of the company’s stock after selling 2,302 shares during the quarter. Savvy Advisors Inc.’s holdings in FS KKR Capital were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FSK. Flaharty Asset Management LLC bought a new stake in shares of FS KKR Capital during the first quarter worth $29,000. Trust Co. of Vermont raised its position in shares of FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after acquiring an additional 515 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of FS KKR Capital during the first quarter worth $34,000. Wealth Preservation Advisors LLC bought a new stake in shares of FS KKR Capital during the first quarter worth $42,000. Finally, Compass Financial Services Inc acquired a new stake in shares of FS KKR Capital during the first quarter worth $50,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.0%

NYSE:FSK opened at $15.07 on Friday. FS KKR Capital Corp. has a 1 year low of $14.05 and a 1 year high of $24.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a 50-day moving average price of $16.01 and a two-hundred day moving average price of $18.92.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $398.00 million during the quarter, compared to analyst estimates of $402.00 million. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 17.0%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s payout ratio is presently 328.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSK. Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research note on Monday, October 6th. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, August 12th. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada decreased their price objective on 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. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.75.

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.