Centaurus Financial Inc. Sells 101,353 Shares of FS KKR Capital Corp. (NYSE:FSK)

Centaurus Financial Inc. lessened its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 86.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,348 shares of the company's stock after selling 101,353 shares during the period. Centaurus Financial Inc.'s holdings in FS KKR Capital were worth $333,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its holdings in shares of FS KKR Capital by 1.3% during the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company's stock valued at $726,000 after buying an additional 423 shares in the last quarter. Kendall Capital Management boosted its position in FS KKR Capital by 2.3% during the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company's stock valued at $497,000 after buying an additional 517 shares during the period. Endowment Wealth Management Inc. increased its holdings in shares of FS KKR Capital by 0.6% in the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company's stock worth $1,977,000 after buying an additional 582 shares during the period. Lloyd Advisory Services LLC. grew its position in 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 acquiring an additional 667 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its stake in shares of FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company's stock valued at $245,000 after purchasing an additional 679 shares during the period. Institutional investors own 36.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FSK. 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 report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. B. Riley initiated coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 target price for the company. Oppenheimer reduced their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, FS KKR Capital presently has a consensus rating of "Hold" and an average target price of $19.50.

FS KKR Capital Stock Up 0.6%

NYSE:FSK traded up $0.13 during mid-day trading on Tuesday, hitting $21.22. 825,054 shares of the company's stock were exchanged, compared to its average volume of 1,468,869. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business has a fifty day moving average price of $20.14 and a 200 day moving average price of $21.44. The company has a market cap of $5.94 billion, a PE ratio of 11.28 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $400.00 million for the quarter, compared to analysts' expectations of $395.22 million. During the same period in the previous year, the firm posted $0.62 EPS. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. Equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current 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 12.07%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is 134.74%.

About FS KKR Capital

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.