IFP Advisors Inc Trims Stake in FS KKR Capital Corp. $FSK

IFP Advisors Inc reduced its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 19.7% in the second quarter, Holdings Channel reports. The firm owned 37,092 shares of the company’s stock after selling 9,101 shares during the period. IFP Advisors Inc’s holdings in FS KKR Capital were worth $770,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont grew its position in shares of FS KKR Capital by 51.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after purchasing an additional 515 shares in the last quarter. Kathmere Capital Management LLC grew its position in FS KKR Capital by 1.4% in the first quarter. Kathmere Capital Management LLC now owns 41,258 shares of the company’s stock worth $864,000 after acquiring an additional 562 shares in the last quarter. Liberty Square Wealth Partners LLC grew its position in FS KKR Capital by 1.2% in the first quarter. Liberty Square Wealth Partners LLC now owns 52,508 shares of the company’s stock worth $1,100,000 after acquiring an additional 602 shares in the last quarter. Independent Wealth Network Inc. grew its position in FS KKR Capital by 2.7% in the first quarter. Independent Wealth Network Inc. now owns 25,300 shares of the company’s stock worth $530,000 after acquiring an additional 672 shares in the last quarter. Finally, Bison Wealth LLC grew its position in FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after acquiring an additional 720 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FSK has been the subject of several research reports. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price for the company in a research report on Monday, October 6th. Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.75.

FS KKR Capital Stock Up 4.3%

Shares of NYSE:FSK opened at $14.77 on Tuesday. The company has a 50-day moving average price of $16.86 and a 200-day moving average price of $19.35. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same period last year, the company posted $0.75 earnings per share. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 17.3%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is 328.21%.

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.