B. Riley Wealth Advisors Inc. Trims Position in FS KKR Capital Corp. (NYSE:FSK)

B. Riley Wealth Advisors Inc. trimmed its position in FS KKR Capital Corp. (NYSE:FSK) by 31.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,852 shares of the company’s stock after selling 16,318 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in FS KKR Capital were worth $711,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fountainhead AM LLC boosted its holdings in shares of FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after buying an additional 71,644 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 last quarter. Naviter Wealth LLC grew its position in shares of FS KKR Capital by 83.9% during the 2nd quarter. Naviter Wealth LLC now owns 241,489 shares of the company’s stock valued at $4,916,000 after acquiring an additional 110,191 shares during the period. Private Advisor Group LLC increased its stake in shares of FS KKR Capital by 58.3% in the 2nd quarter. Private Advisor Group LLC now owns 859,249 shares of the company’s stock worth $16,953,000 after purchasing an additional 316,615 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after purchasing an additional 3,012,711 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FSK has been the subject of several recent research reports. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, Royal Bank of Canada raised their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.25.

Insider Activity

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $21.31 per share, with a total value of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Down 1.5 %

Shares of FSK opened at $20.97 on Thursday. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $22.39. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $5.87 billion, a PE ratio of 11.15 and a beta of 1.25. The business’s 50 day moving average is $21.06 and its 200 day moving average is $20.30.

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

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.70 per share. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend was Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is 136.17%.

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.