Shufro Rose & Co. LLC Has $22.65 Million Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Shufro Rose & Co. LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,150,425 shares of the company’s stock after selling 6,209 shares during the period. FS KKR Capital accounts for approximately 2.0% of Shufro Rose & Co. LLC’s holdings, making the stock its 16th biggest holding. Shufro Rose & Co. LLC owned about 0.41% of FS KKR Capital worth $22,654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Center for Financial Planning Inc. increased its stake in FS KKR Capital by 147.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after purchasing an additional 1,179 shares in the last quarter. Planned Solutions Inc. acquired a new position in FS KKR Capital during the 4th quarter worth approximately $40,000. Provence Wealth Management Group acquired a new position in FS KKR Capital during the 3rd quarter worth approximately $45,000. Citigroup Inc. boosted its position in FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after acquiring an additional 2,114 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in FS KKR Capital by 20.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after acquiring an additional 575 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 7,300 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, the insider now directly owns 39,800 shares of the company’s stock, valued at approximately $745,454. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, April 16th. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price objective for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Royal Bank of Canada cut their price objective on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Finally, Hovde Group reissued a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and an average price target of $20.17.

FS KKR Capital Price Performance

Shares of NYSE FSK traded up $0.10 during mid-day trading on Friday, reaching $19.33. The company had a trading volume of 958,030 shares, compared to its average volume of 1,282,233. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. FS KKR Capital Corp. has a one year low of $17.50 and a one year high of $20.99. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 7.76 and a beta of 1.25. The business’s 50-day simple moving average is $19.11 and its 200 day simple moving average is $19.67.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter last year, the business earned $0.81 earnings per share. On average, research analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 13.24%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is presently 102.81%.

FS KKR Capital 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.