Drive Wealth Management LLC Lowers Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Drive Wealth Management LLC lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 63.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,416 shares of the company’s stock after selling 138,372 shares during the period. Drive Wealth Management LLC’s holdings in FS KKR Capital were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSK. Wedbush Securities Inc. raised its holdings in FS KKR Capital by 1.4% in the second quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock worth $797,000 after buying an additional 573 shares during the last quarter. Focus Financial Network Inc. raised its holdings in FS KKR Capital by 3.2% in the 2nd quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock worth $477,000 after acquiring an additional 719 shares during the last quarter. Souders Financial Advisors lifted its position in FS KKR Capital by 3.9% in the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after acquiring an additional 950 shares in the last quarter. PFG Investments LLC boosted its stake in FS KKR Capital by 1.4% during the 2nd quarter. PFG Investments LLC now owns 68,775 shares of the company’s stock valued at $1,357,000 after purchasing an additional 952 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in FS KKR Capital by 1.9% during the 3rd quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after purchasing an additional 991 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

FS KKR Capital Stock Performance

Shares of FSK opened at $21.16 on Monday. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $21.30. The business has a fifty day moving average of $20.21 and a 200 day moving average of $20.02. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $5.93 billion, a P/E ratio of 11.26 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to analyst estimates 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 EPS. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

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