Sunbelt Securities Inc. Trims Position in FS KKR Capital Corp. (NYSE:FSK)

Sunbelt Securities Inc. decreased its position in FS KKR Capital Corp. (NYSE:FSK) by 8.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,994 shares of the company’s stock after selling 3,297 shares during the quarter. Sunbelt Securities Inc.’s holdings in FS KKR Capital were worth $648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FSK. International Assets Investment Management LLC lifted its stake in shares of FS KKR Capital by 951.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after purchasing an additional 3,423,145 shares during the period. Melia Wealth LLC purchased a new position in shares of FS KKR Capital during the 4th quarter worth $13,520,000. MGO One Seven LLC grew its position in shares of FS KKR Capital by 2,065.4% during the 4th quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after acquiring an additional 573,086 shares during the period. Edge Capital Group LLC purchased a new stake in shares of FS KKR Capital in the 4th quarter worth $9,982,000. Finally, Van ECK Associates Corp raised its holdings in FS KKR Capital by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock worth $103,941,000 after purchasing an additional 494,184 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and issued a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Keefe, Bruyette & Woods decreased their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Wells Fargo & Company upgraded shares of FS KKR Capital from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $21.00 in a research report on Wednesday, May 29th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.28.

FS KKR Capital Stock Up 0.5 %

Shares of FSK stock opened at $19.70 on Friday. The company’s fifty day simple moving average is $19.81 and its two-hundred day simple moving average is $19.75. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The stock has a market cap of $5.52 billion, a P/E ratio of 8.21 and a beta of 1.24. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $434.00 million for the quarter, compared to the consensus estimate of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. Analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, June 12th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.21%. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Insider Buying and Selling

In other FS KKR Capital news, Director Barbara Adams acquired 3,381 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average cost of $20.10 per share, with a total value of $67,958.10. Following the purchase, the director now directly owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

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.