Arete Wealth Advisors LLC Sells 20,884 Shares of FS KKR Capital Corp. (NYSE:FSK)

Arete Wealth Advisors LLC cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,904 shares of the company’s stock after selling 20,884 shares during the period. Arete Wealth Advisors LLC owned 0.08% of FS KKR Capital worth $4,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSK. Generali Asset Management SPA SGR purchased a new position in shares of FS KKR Capital in the fourth quarter worth $17,608,000. Van ECK Associates Corp increased its holdings in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in FS KKR Capital in the 3rd quarter worth $7,830,000. Raymond James Financial Inc. purchased a new stake in FS KKR Capital in the 4th quarter worth $6,499,000. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of FS KKR Capital by 2,029.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock valued at $6,593,000 after purchasing an additional 289,278 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FSK has been the topic of several research reports. Wells Fargo & Company downgraded FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their price objective 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 downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods boosted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. Finally, Royal Bank of Canada upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.30.

FS KKR Capital Stock Down 0.3 %

NYSE FSK opened at $21.30 on Thursday. 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 52 week low of $18.53 and a 52 week high of $24.10. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 1.22. The company has a fifty day moving average of $22.47 and a two-hundred day moving average of $21.51.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. On average, analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.15%. The ex-dividend date of this dividend was Wednesday, March 19th. FS KKR Capital’s payout ratio is presently 122.49%.

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.