Larson Financial Group LLC Sells 2,844 Shares of FS KKR Capital Corp. (NYSE:FSK)

Larson Financial Group LLC lessened its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,987 shares of the company’s stock after selling 2,844 shares during the quarter. Larson Financial Group LLC’s holdings in FS KKR Capital were worth $1,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 10.7% during the 3rd quarter. Van ECK Associates Corp now owns 4,710,646 shares of the company’s stock valued at $92,753,000 after buying an additional 456,657 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of FS KKR Capital by 951.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock valued at $75,547,000 after purchasing an additional 3,423,145 shares in the last quarter. LPL Financial LLC increased its stake in shares of FS KKR Capital by 2.3% in the 3rd quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock valued at $59,012,000 after purchasing an additional 66,636 shares in the last quarter. Shufro Rose & Co. LLC increased its stake in shares of FS KKR Capital by 4.2% in the 3rd quarter. Shufro Rose & Co. LLC now owns 1,156,634 shares of the company’s stock valued at $22,776,000 after purchasing an additional 46,451 shares in the last quarter. Finally, Arete Wealth Advisors LLC increased its stake in shares of FS KKR Capital by 1.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 1,028,785 shares of the company’s stock valued at $20,257,000 after purchasing an additional 16,022 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.1 %

FSK stock traded up $0.01 during trading on Tuesday, reaching $19.43. The stock had a trading volume of 645,492 shares, compared to its average volume of 1,702,896. The company has a market capitalization of $5.44 billion, a P/E ratio of 7.80 and a beta of 1.25. The firm has a fifty day moving average price of $19.17 and a 200 day moving average price of $19.67. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20. FS KKR Capital Corp. has a 1-year low of $17.50 and a 1-year high of $20.99.

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

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 13.18%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is 102.81%.

Wall Street Analysts Forecast Growth

FSK has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Hovde Group reiterated a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, February 28th. Compass Point lowered FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $21.50 to $19.50 in a research note on Tuesday, February 27th. Wells Fargo & Company boosted their price objective on FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.17.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 7,300 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the transaction, the insider now owns 39,800 shares in the company, valued at $745,454. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is owned by insiders.

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.