FS KKR Capital Corp. (NYSE:FSK) Stake Cut by Aviso Wealth Management

Aviso Wealth Management cut its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 36.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,435 shares of the company’s stock after selling 56,500 shares during the quarter. FS KKR Capital accounts for about 1.1% of Aviso Wealth Management’s investment portfolio, making the stock its 23rd largest holding. Aviso Wealth Management’s holdings in FS KKR Capital were worth $1,962,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Intellectus Partners LLC increased its position in FS KKR Capital by 103.9% in the third quarter. Intellectus Partners LLC now owns 87,434 shares of the company’s stock worth $1,758,000 after buying an additional 44,546 shares during the period. Proactive Wealth Strategies LLC acquired a new stake in FS KKR Capital in the third quarter worth $1,027,000. First National Trust Co increased its position in FS KKR Capital by 108.7% in the third quarter. First National Trust Co now owns 96,636 shares of the company’s stock worth $1,907,000 after buying an additional 50,327 shares during the period. Fountainhead AM LLC increased its position in 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 period. Finally, Sigma Planning Corp increased its position in FS KKR Capital by 11.0% in the third quarter. Sigma Planning Corp now owns 193,681 shares of the company’s stock worth $3,821,000 after buying an additional 19,210 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FSK. Wells Fargo & Company lowered their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.94.

FS KKR Capital Trading Up 0.2 %

NYSE:FSK opened at $21.16 on Monday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $21.30. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 11.26 and a beta of 1.25. The stock has a fifty day simple moving average of $20.21 and a 200 day simple moving average of $20.02.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share 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 business had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. During the same quarter last year, the company posted $0.80 EPS. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Shareholders 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 positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

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.