FS KKR Capital Corp. $FSK Shares Sold by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.4% in the second quarter, Holdings Channel reports. The institutional investor owned 51,095 shares of the company’s stock after selling 1,237 shares during the period. Adamsbrown Wealth Consultants LLC’s holdings in FS KKR Capital were worth $1,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sunbelt Securities Inc. raised its position in shares of FS KKR Capital by 1.3% during the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company’s stock worth $726,000 after acquiring an additional 423 shares in the last quarter. Kathmere Capital Management LLC increased its stake in FS KKR Capital by 1.4% in the first quarter. Kathmere Capital Management LLC now owns 41,258 shares of the company’s stock valued at $864,000 after purchasing an additional 562 shares during the last quarter. Liberty Square Wealth Partners LLC increased its stake in FS KKR Capital by 1.2% in the first quarter. Liberty Square Wealth Partners LLC now owns 52,508 shares of the company’s stock valued at $1,100,000 after purchasing an additional 602 shares during the last quarter. Independent Wealth Network Inc. raised its holdings in FS KKR Capital by 2.7% during the first quarter. Independent Wealth Network Inc. now owns 25,300 shares of the company’s stock worth $530,000 after purchasing an additional 672 shares in the last quarter. Finally, Bison Wealth LLC lifted its position in shares of FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after buying an additional 720 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

NYSE:FSK opened at $17.53 on Monday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. The firm’s fifty day moving average price is $19.57 and its 200 day moving average price is $20.30. FS KKR Capital Corp. has a 1-year low of $17.35 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). The firm had revenue of $398.00 million during the quarter, compared to analyst estimates of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same quarter last year, the business posted $0.75 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $2.80 dividend on an annualized basis and a yield of 16.0%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio is presently 328.21%.

Analysts Set New Price Targets

FSK has been the topic of a number of recent analyst reports. Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a research report on Friday, August 8th. Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a research note on Friday, August 8th. Keefe, Bruyette & Woods dropped their price objective on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada reduced their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Finally, Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $18.42.

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.