International Assets Investment Management LLC Cuts Stake in FS KKR Capital Corp. $FSK

International Assets Investment Management LLC lowered its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,224 shares of the company’s stock after selling 2,302 shares during the quarter. International Assets Investment Management LLC’s holdings in FS KKR Capital were worth $2,889,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Stratos Wealth Partners LTD. grew its position in shares of FS KKR Capital by 3.3% during the second quarter. Stratos Wealth Partners LTD. now owns 184,547 shares of the company’s stock worth $3,829,000 after purchasing an additional 5,932 shares in the last quarter. Rik Saylor Financial Inc. grew its position in shares of FS KKR Capital by 0.4% during the second quarter. Rik Saylor Financial Inc. now owns 192,706 shares of the company’s stock worth $3,999,000 after purchasing an additional 829 shares in the last quarter. Generali Asset Management SPA SGR grew its position in shares of FS KKR Capital by 21.7% during the second quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock worth $51,569,000 after purchasing an additional 442,374 shares in the last quarter. Harbour Investments Inc. grew its position in shares of FS KKR Capital by 3.9% during the second quarter. Harbour Investments Inc. now owns 457,060 shares of the company’s stock worth $9,484,000 after purchasing an additional 16,997 shares in the last quarter. Finally, RFG Advisory LLC grew its position in shares of FS KKR Capital by 37.5% during the second quarter. RFG Advisory LLC now owns 84,695 shares of the company’s stock worth $1,757,000 after purchasing an additional 23,090 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the subject of several research analyst reports. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Royal Bank Of Canada cut their price target on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and a consensus target price of $17.75.

FS KKR Capital Stock Up 0.4%

NYSE:FSK opened at $14.82 on Friday. FS KKR Capital Corp. has a 1 year low of $14.05 and a 1 year high of $24.10. The business has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $19.18. 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 (NYSE:FSK) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($1.23). The company had revenue of $398.00 million during 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 in the previous year, the business earned $0.75 earnings per share. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The business 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 $0.64 dividend. 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 (DPR) is presently 328.21%.

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.