Farther Finance Advisors LLC Cuts Holdings in FS KKR Capital Corp. (NYSE:FSK)

Farther Finance Advisors LLC decreased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 48.8% in the fourth quarter, according to its most recent disclosure with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. OneAscent Financial Services LLC purchased a new stake in shares of FS KKR Capital during the 3rd quarter worth $245,000. Hilton Capital Management LLC raised its holdings in FS KKR Capital by 3.1% in the third quarter. Hilton Capital Management LLC now owns 186,181 shares of the company’s stock worth $3,673,000 after purchasing an additional 5,658 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock valued at $5,023,000 after buying an additional 39,086 shares during the last quarter. Concorde Asset Management LLC bought a new stake in shares of FS KKR Capital in the 3rd quarter valued at about $218,000. Finally, Meridian Wealth Management LLC purchased a new position in shares of FS KKR Capital in the 3rd quarter worth approximately $404,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

FS KKR Capital Stock Performance

Shares of FSK opened at $21.23 on Tuesday. 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 has a 50-day moving average of $22.67 and a two-hundred day moving average of $21.43. The stock has a market cap of $5.94 billion, a P/E ratio of 11.29 and a beta of 1.22. FS KKR Capital Corp. has a one year low of $18.33 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. As a group, research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

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

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.