Integrated Advisors Network LLC Reduces Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Integrated Advisors Network LLC cut its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 27.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,401 shares of the company's stock after selling 20,839 shares during the quarter. Integrated Advisors Network LLC's holdings in FS KKR Capital were worth $1,161,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its stake in shares of FS KKR Capital by 1.3% in the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company's stock valued at $726,000 after acquiring an additional 423 shares during the last quarter. Kendall Capital Management lifted its position in FS KKR Capital by 2.3% in the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company's stock valued at $497,000 after purchasing an additional 517 shares during the last quarter. Endowment Wealth Management Inc. lifted its position in FS KKR Capital by 0.6% in the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company's stock valued at $1,977,000 after purchasing an additional 582 shares during the last quarter. Lloyd Advisory Services LLC. boosted its stake in shares of FS KKR Capital by 6.7% during the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company's stock valued at $232,000 after purchasing an additional 667 shares during the period. Finally, RE Dickinson Investment Advisors LLC grew its holdings in shares of FS KKR Capital by 16.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 4,847 shares of the company's stock worth $105,000 after purchasing an additional 686 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Trading Down 1.1%

FSK stock traded down $0.25 during trading on Friday, reaching $21.14. The company had a trading volume of 985,433 shares, compared to its average volume of 1,456,187. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 52 week low of $17.42 and a 52 week high of $24.10. The business has a 50 day moving average of $20.26 and a 200 day moving average of $21.42. The company has a market cap of $5.92 billion, a P/E ratio of 11.24 and a beta of 0.97.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm's revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. As a group, sell-side analysts forecast 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. Stockholders of record on Wednesday, June 18th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 12.11%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's dividend payout ratio is currently 134.74%.

Wall Street Analyst Weigh In

FSK has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Monday, April 28th. 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 target on the stock. Royal Bank of Canada lowered their price target on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Oppenheimer cut their price objective on 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. reduced their target price 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. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, FS KKR Capital currently has a consensus rating of "Hold" and a consensus target price of $19.50.

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.