FS KKR Capital Corp. (NYSE:FSK) Stock Position Decreased by Aviso Wealth Management

Aviso Wealth Management trimmed its stake in FS KKR Capital Corp. (NYSE:FSK) by 36.2% during the third quarter, Holdings Channel reports. The fund owned 99,435 shares of the company’s stock after selling 56,500 shares during the quarter. FS KKR Capital accounts for 1.1% of Aviso Wealth Management’s holdings, making the stock its 23rd largest position. Aviso Wealth Management’s holdings in FS KKR Capital were worth $1,962,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FSK. Summit Securities Group LLC bought a new position in FS KKR Capital in the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $39,000. Financial Gravity Asset Management Inc. grew its holdings in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $50,000. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Up 0.2 %

FSK stock opened at $21.16 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $5.93 billion, a P/E ratio of 11.26 and a beta of 1.25. The business has a 50-day moving average of $20.21 and a 200-day moving average of $20.02. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $21.30.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio is 136.17%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company decreased their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.94.

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.