AdvisorNet Financial Inc Decreases Stake in FS KKR Capital Corp. (NYSE:FSK)

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

Several other institutional investors have also recently added to or reduced their stakes in FSK. Marshall & Sterling Wealth Advisors Inc. acquired a new position in FS KKR Capital in the fourth quarter valued at approximately $33,000. Fourth Dimension Wealth LLC bought a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $33,000. Jones Financial Companies Lllp increased its holdings in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after acquiring an additional 1,554 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $54,000. Finally, Roxbury Financial LLC bought a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $69,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSK has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Oppenheimer decreased their price objective on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a report on Friday, May 9th. B. Riley initiated coverage on FS KKR Capital in a report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada decreased their price target on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $19.50.

FS KKR Capital Stock Down 0.3%

FS KKR Capital stock traded down $0.06 during trading on Wednesday, hitting $21.14. 789,207 shares of the company were exchanged, compared to its average volume of 1,465,792. The company has a market capitalization of $5.92 billion, a P/E ratio of 11.24 and a beta of 0.98. 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 business's 50 day moving average is $20.14 and its 200 day moving average is $21.43. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.11%. FS KKR Capital's payout ratio is currently 134.74%.

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.