AdvisorNet Financial Inc Sells 16,840 Shares of FS KKR Capital Corp. (NYSE:FSK)

AdvisorNet Financial Inc cut its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 63.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,601 shares of the company's stock after selling 16,840 shares during the period. AdvisorNet Financial Inc's holdings in FS KKR Capital were worth $201,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FSK. Generali Asset Management SPA SGR purchased a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $17,608,000. Van ECK Associates Corp increased its stake in shares of FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after buying an additional 673,420 shares during the period. Transce3nd LLC purchased a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $11,173,000. Raymond James Financial Inc. purchased a new stake in FS KKR Capital in the fourth quarter worth $6,499,000. Finally, Strategic Financial Concepts LLC grew its stake in FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company's stock worth $6,593,000 after purchasing an additional 289,278 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Up 1.2%

FS KKR Capital stock traded up $0.26 during mid-day trading on Friday, hitting $21.30. The company had a trading volume of 854,049 shares, compared to its average volume of 1,464,756. 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 stock's 50 day moving average price is $20.15 and its two-hundred day moving average price is $21.43. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The company has a market capitalization of $5.97 billion, a PE ratio of 11.33 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. During the same period in the previous year, the company posted $0.62 earnings per share. The company's revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is 134.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reduced their price target on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Oppenheimer reduced their price target on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research note on Friday, May 9th. Royal Bank of Canada reduced their price target on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Finally, Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of "Hold" and a consensus target price of $19.50.

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.