Farther Finance Advisors LLC Trims Stake in FS KKR Capital Corp. (NYSE:FSK)

Farther Finance Advisors LLC lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 48.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,998 shares of the company’s stock after selling 16,197 shares during the period. Farther Finance Advisors LLC’s holdings in FS KKR Capital were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in FS KKR Capital by 96.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 19,225 shares of the company’s stock worth $418,000 after buying an additional 9,449 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of FS KKR Capital by 0.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 101,634 shares of the company’s stock worth $2,207,000 after acquiring an additional 733 shares during the period. PFG Advisors boosted its stake in shares of FS KKR Capital by 2.1% during the 4th quarter. PFG Advisors now owns 190,728 shares of the company’s stock worth $4,143,000 after acquiring an additional 3,997 shares in the last quarter. HighTower Advisors LLC grew its position in shares of FS KKR Capital by 14.8% during the 4th quarter. HighTower Advisors LLC now owns 233,502 shares of the company’s stock valued at $5,072,000 after acquiring an additional 30,020 shares during the period. Finally, Prosperity Wealth Management Inc. purchased a new position in shares of FS KKR Capital in the 4th quarter valued at about $554,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FSK. Royal Bank of Canada increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $21.00 to $19.00 in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Finally, B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and a consensus target price of $21.30.

FS KKR Capital Trading Down 1.0 %

Shares of FSK stock opened at $21.23 on Tuesday. FS KKR Capital Corp. has a fifty-two week low of $18.33 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock’s fifty day moving average is $22.67 and its two-hundred day moving average is $21.43. The firm has a market capitalization of $5.94 billion, a P/E ratio of 11.29 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. Research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a $0.70 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.19%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

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.