FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 27.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 55,401 shares of the company's stock after selling 20,839 shares during the period. Integrated Advisors Network LLC's holdings in FS KKR Capital were worth $1,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its holdings in FS KKR Capital by 52.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 3,419 shares of the company's stock valued at $72,000 after purchasing an additional 1,181 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in FS KKR Capital by 236.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 179,024 shares of the company's stock valued at $3,751,000 after purchasing an additional 125,824 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in FS KKR Capital by 9.4% in the 1st quarter. Farther Finance Advisors LLC now owns 18,601 shares of the company's stock valued at $397,000 after purchasing an additional 1,603 shares in the last quarter. Wealthcare Capital Partners LLC purchased a new position in FS KKR Capital in the 1st quarter valued at $529,000. Finally, Intellectus Partners LLC raised its holdings in shares of FS KKR Capital by 3.9% during the 1st quarter. Intellectus Partners LLC now owns 97,653 shares of the company's stock worth $2,114,000 after acquiring an additional 3,700 shares during the period. Hedge funds and other institutional investors own 36.26% of the company's stock.

Wall Street Analyst Weigh In

FSK has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Royal Bank of Canada reduced their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. B. Riley assumed coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 target price for the company. Finally, Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.50.

FS KKR Capital Trading Down 0.9%

FS KKR Capital stock traded down $0.19 during midday trading on Monday, reaching $20.98. 1,792,023 shares of the stock traded hands, compared to its average volume of 1,458,672. The firm has a market cap of $5.88 billion, a PE ratio of 11.16 and a beta of 0.97. 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 50-day simple moving average of $20.39 and a two-hundred day simple moving average of $21.40. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 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 $400.00 million during the quarter, compared to analyst estimates of $395.22 million. During the same quarter last year, the firm posted $0.62 earnings per share. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. Research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal 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 paid a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.20%. FS KKR Capital's dividend payout ratio (DPR) is 134.74%.

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.