1620 Investment Advisors Inc. Lowers Position in FS KKR Capital Corp. (NYSE:FSK)

1620 Investment Advisors Inc. lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,865 shares of the company’s stock after selling 506 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in FS KKR Capital were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FSK. Generali Asset Management SPA SGR purchased a new position in shares of FS KKR Capital in the fourth quarter worth $17,608,000. Van ECK Associates Corp lifted its holdings in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after buying an additional 673,420 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in FS KKR Capital in the third quarter worth $7,830,000. Raymond James Financial Inc. bought a new stake in FS KKR Capital in the fourth quarter worth $6,499,000. Finally, Strategic Financial Concepts LLC increased its position in FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after purchasing an additional 289,278 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $21.00 to $19.00 in a research report on Monday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.30.

FS KKR Capital Trading Down 0.2 %

FSK stock opened at $20.48 on Friday. The firm’s fifty day simple moving average is $22.62 and its two-hundred day simple moving average is $21.43. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 10.89 and a beta of 1.22. FS KKR Capital Corp. has a twelve month low of $18.53 and a twelve month high of $24.10.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. As a group, analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.68%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s payout ratio is 122.49%.

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.