Bellwether Advisors LLC Has $651,000 Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Bellwether Advisors LLC lessened its position in FS KKR Capital Corp. (NYSE:FSK) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,954 shares of the company’s stock after selling 800 shares during the quarter. Bellwether Advisors LLC’s holdings in FS KKR Capital were worth $651,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock worth $94,989,000 after purchasing an additional 91,192 shares during the last quarter. LPL Financial LLC increased its position in shares of FS KKR Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock worth $77,837,000 after purchasing an additional 119,593 shares during the last quarter. Transcend Capital Advisors LLC increased its position in shares of FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock worth $29,862,000 after purchasing an additional 128,856 shares during the last quarter. Finally, Strong Tower Advisory Services increased its position in shares of FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock worth $23,252,000 after purchasing an additional 36,127 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on FSK shares. JPMorgan Chase & Co. reduced their target price on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company downgraded FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Royal Bank of Canada lifted their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, FS KKR Capital has an average rating of “Hold” and an average target price of $20.10.

FS KKR Capital Trading Up 0.6 %

FSK stock opened at $20.16 on Monday. 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 company’s 50-day simple moving average is $20.98 and its 200 day simple moving average is $21.44. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. The company has a market capitalization of $5.65 billion, a PE ratio of 10.72 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 13.89%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

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.