Shufro Rose & Co. LLC Cuts Position in FS KKR Capital Corp. (NYSE:FSK)

Key Points

• Shufro Rose & Co. LLC has reduced its stake in FS KKR Capital Corp. by 47.1%, selling 588,887 shares, which leaves it with 660,612 shares, accounting for 1.1% of its total investment portfolio.
• Several institutional investors have increased their holdings in FS KKR Capital, with Nomura Asset Management Co. Ltd. raising its stake by 414.2% in the last quarter.
• Wall Street analysts have lowered their target prices for FS KKR Capital, with an average consensus price now at $19.50 and a general rating of "Hold" among analysts.

Shufro Rose & Co. LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 47.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 660,612 shares of the company's stock after selling 588,887 shares during the period. FS KKR Capital makes up approximately 1.1% of Shufro Rose & Co. LLC's portfolio, making the stock its 27th biggest holding. Shufro Rose & Co. LLC owned 0.24% of FS KKR Capital worth $13,840,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FSK. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in FS KKR Capital in the fourth quarter valued at $33,000. Fourth Dimension Wealth LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at $33,000. Anchor Investment Management LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at $54,000. von Borstel & Associates Inc. acquired a new stake in FS KKR Capital in the first quarter valued at $60,000. Finally, Creekmur Asset Management LLC grew its holdings in FS KKR Capital by 76.9% in the first quarter. Creekmur Asset Management LLC now owns 3,106 shares of the company's stock valued at $65,000 after purchasing an additional 1,350 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

FSK has been the topic of several research reports. Wells Fargo & Company lowered their target price on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on 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. Royal Bank Of Canada decreased their price objective on FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Oppenheimer decreased 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 note on Friday, May 9th. Finally, 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 price objective on the stock. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.50.

FS KKR Capital Stock Down 2.1%

NYSE FSK traded down $0.43 during trading hours on Friday, hitting $20.48. 1,865,777 shares of the company's stock were exchanged, compared to its average volume of 997,296. The business's 50 day moving average is $21.32 and its 200-day moving average is $21.36. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.09 and a current ratio of 2.09.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 11.78% and a net margin of 31.53%. The firm had revenue of $400.00 million for the quarter, compared to the consensus estimate of $395.22 million. During the same period in the prior year, the business posted $0.62 earnings per share. The firm's revenue for the quarter was down 7.8% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date was Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is 134.74%.

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.