Kingswood Wealth Advisors LLC Trims Position in FS KKR Capital Corp. $FSK

Key Points

• Kingswood Wealth Advisors LLC significantly reduced its stake in FS KKR Capital Corp. by 85.4%, now holding 114,675 shares after selling 673,350 during the second quarter.
• FS KKR Capital recently declared a quarterly dividend of $0.70 per share, up from its previous dividend of $0.64, reflecting a 19.1% yield.
• Analysts have mixed views on FS KKR Capital, with six holding a "Hold" rating and two rating it as "Sell", while the average price target for the stock has decreased to $17.75.

Kingswood Wealth Advisors LLC lowered its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 85.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,675 shares of the company's stock after selling 673,350 shares during the period. Kingswood Wealth Advisors LLC's holdings in FS KKR Capital were worth $2,380,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC raised its stake in FS KKR Capital by 2.8% in the 1st quarter. LPL Financial LLC now owns 3,682,289 shares of the company's stock worth $77,144,000 after acquiring an additional 98,647 shares during the last quarter. Cura Wealth Advisors LLC boosted its holdings in FS KKR Capital by 1.1% in the first quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company's stock valued at $37,387,000 after purchasing an additional 19,367 shares during the period. Transcend Capital Advisors LLC lifted its position in shares of FS KKR Capital by 2.3% during the 1st quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company's stock worth $29,453,000 after purchasing an additional 31,039 shares during the last quarter. Cetera Investment Advisers lifted its position in FS KKR Capital by 4.8% in the first quarter. Cetera Investment Advisers now owns 969,138 shares of the company's stock valued at $20,303,000 after acquiring an additional 44,087 shares during the last quarter. Finally, Fountainhead AM LLC raised its stake in shares of FS KKR Capital by 1.2% during the first quarter. Fountainhead AM LLC now owns 898,059 shares of the company's stock worth $18,814,000 after purchasing an additional 10,565 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FSK. Wall Street Zen upgraded shares of FS KKR Capital from a "sell" rating to a "hold" rating in a research note on Friday. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a "market perform" rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company cut their target price on shares of FS KKR Capital from $18.00 to $15.00 and set an "underweight" rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada dropped their target price on FS KKR Capital from $21.00 to $18.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of FS KKR Capital in a research note on Saturday, September 27th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $17.75.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $14.69 on Tuesday. FS KKR Capital Corp. has a one year low of $14.66 and a one year high of $24.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. The stock's 50 day moving average price is $17.50 and its 200 day moving average price is $19.58. The firm has a market capitalization of $4.11 billion, a PE ratio of 18.83 and a beta of 0.94.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. During the same period in the prior year, the company posted $0.75 earnings per share. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.70 per share. This is a boost from FS KKR Capital's previous quarterly dividend of $0.64. The ex-dividend date was Wednesday, September 17th. This represents a $2.80 dividend on an annualized basis and a yield of 19.1%. FS KKR Capital's dividend payout ratio (DPR) is presently 328.21%.

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.

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