Naviter Wealth LLC Sells 23,355 Shares of FS KKR Capital Corp. (NYSE:FSK)

Naviter Wealth LLC cut its stake in FS KKR Capital Corp. (NYSE:FSK) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,149 shares of the company’s stock after selling 23,355 shares during the period. Naviter Wealth LLC owned 0.08% of FS KKR Capital worth $4,825,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FSK. US Bancorp DE boosted its holdings in FS KKR Capital by 54.4% in the third quarter. US Bancorp DE now owns 12,916 shares of the company’s stock valued at $255,000 after acquiring an additional 4,550 shares during the last quarter. Graypoint LLC boosted its holdings in FS KKR Capital by 3.5% in the third quarter. Graypoint LLC now owns 113,330 shares of the company’s stock valued at $2,236,000 after acquiring an additional 3,782 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in FS KKR Capital by 1.9% in the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock valued at $1,039,000 after acquiring an additional 991 shares during the last quarter. Sigma Planning Corp boosted its holdings in FS KKR Capital by 11.0% in the third quarter. Sigma Planning Corp now owns 193,681 shares of the company’s stock valued at $3,821,000 after acquiring an additional 19,210 shares during the last quarter. Finally, Fountainhead AM LLC boosted its holdings in shares of FS KKR Capital by 9.8% during the 3rd 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 in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

NYSE FSK opened at $22.94 on Friday. The company has a fifty day simple moving average of $22.69 and a 200 day simple moving average of $21.34. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $24.10. 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 $6.42 billion, a P/E ratio of 12.20 and a beta of 1.22.

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

FS KKR Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.21%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is 122.49%.

Analyst Upgrades and Downgrades

FSK has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average price target of $21.70.

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.