Gentry Private Wealth LLC Decreases Position in FS KKR Capital Corp. (NYSE:FSK)

Gentry Private Wealth LLC trimmed its stake in FS KKR Capital Corp. (NYSE:FSK) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,472 shares of the company’s stock after selling 564 shares during the quarter. Gentry Private Wealth LLC’s holdings in FS KKR Capital were worth $364,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital in the second quarter worth $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital in the second quarter worth $37,000. Rothschild Investment LLC acquired a new position in FS KKR Capital in the second quarter valued at $39,000. Financial Gravity Asset Management Inc. increased its stake in FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in FS KKR Capital in the second quarter valued at $50,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

FSK stock opened at $21.77 on Friday. The stock has a 50-day moving average price of $20.40 and a two-hundred day moving average price of $20.10. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.79. 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 cap of $6.10 billion, a PE ratio of 11.58 and a beta of 1.25.

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

FS KKR Capital Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada upped their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company dropped their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.06.

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.