Integrity Alliance LLC. Sells 32,813 Shares of FS KKR Capital Corp. $FSK

Integrity Alliance LLC. lowered its position in FS KKR Capital Corp. (NYSE:FSK) by 50.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 32,063 shares of the company’s stock after selling 32,813 shares during the quarter. Integrity Alliance LLC.’s holdings in FS KKR Capital were worth $665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of FS KKR Capital by 2.8% during the 1st quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after purchasing an additional 98,647 shares during the last quarter. Generali Asset Management SPA SGR boosted its holdings in shares of FS KKR Capital by 21.7% during the 2nd quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock valued at $51,569,000 after purchasing an additional 442,374 shares during the last quarter. Cura Wealth Advisors LLC boosted its holdings in shares of FS KKR Capital by 1.1% during the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock valued at $37,387,000 after purchasing an additional 19,367 shares during the last quarter. CCLA Investment Management bought a new position in shares of FS KKR Capital during the 2nd quarter valued at about $33,463,000. Finally, Cetera Investment Advisers boosted its holdings in shares of FS KKR Capital by 4.8% during the 1st quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock valued at $20,303,000 after purchasing an additional 44,087 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.0%

Shares of NYSE:FSK opened at $15.07 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. The company has a 50-day moving average price of $16.01 and a 200 day moving average price of $18.91.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. During the same period in the previous year, the business posted $0.75 EPS. As a group, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 17.0%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is 328.21%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FSK shares. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada lowered their price target on shares of 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. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average price target of $17.75.

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.