FS KKR Capital Corp. (NYSE:FSK) Shares Sold by RFG Advisory LLC

RFG Advisory LLC reduced its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 43.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,605 shares of the company's stock after selling 47,560 shares during the quarter. RFG Advisory LLC's holdings in FS KKR Capital were worth $1,291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in FS KKR Capital during the 4th quarter worth $33,000. Fourth Dimension Wealth LLC acquired a new stake in FS KKR Capital during the 4th quarter worth $33,000. Jones Financial Companies Lllp raised its stake in FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after acquiring an additional 1,554 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in FS KKR Capital during the 4th quarter worth $54,000. Finally, Roxbury Financial LLC acquired a new stake in FS KKR Capital during the 4th quarter worth $69,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FSK has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lowered 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 set a "neutral" rating and a $19.00 price objective on the stock. Royal Bank of Canada lowered their price objective 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. Finally, Oppenheimer lowered their price objective 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. 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.com, the company presently has a consensus rating of "Hold" and an average target price of $19.50.

FS KKR Capital Stock Performance

FS KKR Capital stock traded up $0.26 during midday trading on Friday, hitting $21.30. 854,049 shares of the company's stock were exchanged, compared to its average volume of 1,467,357. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 11.33 and a beta of 0.97. The firm's 50 day simple moving average is $20.15 and its 200 day simple moving average is $21.43. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. 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 issued its 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 business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business's quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's payout ratio 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.