Bellwether Advisors LLC Has $607,000 Holdings in FS KKR Capital Corp. (NYSE:FSK)

Bellwether Advisors LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,754 shares of the company’s stock after selling 795 shares during the period. Bellwether Advisors LLC’s holdings in FS KKR Capital were worth $607,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FSK. Advisors Asset Management Inc. lifted its holdings in shares of FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after acquiring an additional 39,086 shares during the period. Hilton Capital Management LLC raised its position in FS KKR Capital by 3.1% during the third quarter. Hilton Capital Management LLC now owns 186,181 shares of the company’s stock valued at $3,673,000 after purchasing an additional 5,658 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in FS KKR Capital during the third quarter worth $245,000. Intellectus Partners LLC boosted its holdings in shares of FS KKR Capital by 103.9% in the 3rd quarter. Intellectus Partners LLC now owns 87,434 shares of the company’s stock valued at $1,758,000 after purchasing an additional 44,546 shares in the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in shares of FS KKR Capital in the 3rd quarter valued at $1,027,000. 36.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FSK shares. Royal Bank of Canada upped their price objective on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday. Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.06.

FS KKR Capital Stock Up 0.2 %

Shares of FSK opened at $21.60 on Wednesday. The company has a market capitalization of $6.05 billion, a PE ratio of 11.47 and a beta of 1.25. The stock’s 50-day moving average price is $20.27 and its two-hundred day moving average price is $20.06. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $21.60.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the prior year, the business posted $0.80 earnings per share. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio is 136.17%.

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.