LexAurum Advisors LLC Sells 8,120 Shares of FS KKR Capital Corp. (NYSE:FSK)

LexAurum Advisors LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 16.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 39,871 shares of the company’s stock after selling 8,120 shares during the period. LexAurum Advisors LLC’s holdings in FS KKR Capital were worth $835,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FSK. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FS KKR Capital during the fourth quarter worth $462,000. Choreo LLC grew its holdings in shares of FS KKR Capital by 5.6% during the fourth quarter. Choreo LLC now owns 41,038 shares of the company’s stock worth $891,000 after purchasing an additional 2,192 shares during the last quarter. Financial Advocates Investment Management grew its holdings in shares of FS KKR Capital by 8.3% during the fourth quarter. Financial Advocates Investment Management now owns 13,386 shares of the company’s stock worth $291,000 after purchasing an additional 1,024 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of FS KKR Capital during the fourth quarter worth $652,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of FS KKR Capital by 2,029.9% during 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. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK opened at $21.30 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 1 year low of $17.42 and a 1 year high of $24.10. The stock has a market cap of $5.97 billion, a P/E ratio of 11.33 and a beta of 0.98. The stock’s 50-day moving average price is $20.15 and its two-hundred day moving average price is $21.43.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $400.00 million for the quarter, compared to analysts’ expectations of $395.22 million. During the same quarter last year, the business earned $0.62 earnings per share. The company’s revenue was down 7.8% compared to the same quarter last year. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 12.02%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s dividend payout ratio (DPR) is currently 134.74%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. decreased their price target on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. B. Riley assumed coverage on FS KKR Capital in a report on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price target on the stock. Royal Bank of Canada decreased their price target on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Finally, Oppenheimer decreased their price target on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.50.

About FS KKR Capital

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.