FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its stake in FS KKR Capital Corp. (NYSE:FSK) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,145 shares of the company’s stock after selling 3,151 shares during the quarter. Kovack Advisors Inc.’s holdings in FS KKR Capital were worth $2,805,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Wescott Financial Advisory Group LLC grew its holdings in shares of FS KKR Capital by 2.9% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after purchasing an additional 600 shares during the period. Lloyd Advisory Services LLC. grew its holdings in shares of FS KKR Capital by 6.7% during the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock worth $232,000 after purchasing an additional 667 shares during the period. McIlrath & Eck LLC grew its holdings in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. Wagner Wealth Management LLC grew its holdings in shares of FS KKR Capital by 6.4% during the 4th quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock worth $245,000 after purchasing an additional 679 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in shares of FS KKR Capital by 5.0% during the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company’s stock worth $321,000 after purchasing an additional 689 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FSK shares. Royal Bank of Canada increased their target price on 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. JPMorgan Chase & Co. increased their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.63.

FS KKR Capital Trading Down 2.4 %

Shares of FSK stock opened at $22.84 on Thursday. The business’s 50 day moving average is $22.47 and its two-hundred day moving average is $21.18. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $24.10. The company has a market capitalization of $6.40 billion, a P/E ratio of 12.15 and a beta of 1.25. 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 (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.26%. FS KKR Capital’s dividend payout ratio is presently 136.17%.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction dated 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 acquisition, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 11,500 shares of company stock valued at $248,910 over the last three months. 0.25% of the stock is currently owned by insiders.

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.