Intrua Financial LLC Decreases Position in FS KKR Capital Corp. $FSK

Intrua Financial LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,668 shares of the company’s stock after selling 5,478 shares during the period. Intrua Financial LLC’s holdings in FS KKR Capital were worth $1,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new position in FS KKR Capital in the 1st quarter valued at approximately $29,000. Fourth Dimension Wealth LLC purchased a new position in FS KKR Capital in the 4th quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd purchased a new position in FS KKR Capital in the 1st quarter valued at approximately $34,000. Wealth Preservation Advisors LLC purchased a new stake in shares of FS KKR Capital during the 1st quarter worth $42,000. Finally, von Borstel & Associates Inc. purchased a new stake in shares of FS KKR Capital during the 1st quarter worth $60,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

NYSE FSK opened at $17.77 on Thursday. 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 Corp. has a one year low of $17.35 and a one year high of $24.10. The firm’s fifty day moving average is $19.72 and its two-hundred day moving average is $20.41.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) 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 quarter in the prior year, the firm posted $0.75 earnings per share. On average, analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 15.8%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, September 17th. FS KKR Capital’s dividend payout ratio (DPR) is presently 328.21%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FSK shares. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a research report on Friday, August 8th. Zacks Research upgraded shares of FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada cut their price target on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, FS KKR Capital currently has an average rating of “Reduce” and a consensus target price of $18.42.

About FS KKR Capital

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.