SVB Wealth LLC Reduces Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

SVB Wealth LLC trimmed its position in FS KKR Capital Corp. (NYSE:FSK) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,071 shares of the company’s stock after selling 1,376 shares during the period. SVB Wealth LLC’s holdings in FS KKR Capital were worth $221,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of FS KKR Capital by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock worth $1,901,000 after buying an additional 570 shares during the period. Beacon Financial Advisory LLC raised its stake in shares of FS KKR Capital by 1.0% in the third quarter. Beacon Financial Advisory LLC now owns 60,278 shares of the company’s stock worth $1,187,000 after buying an additional 572 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of FS KKR Capital by 20.8% in the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after buying an additional 575 shares during the period. IFG Advisory LLC raised its stake in shares of FS KKR Capital by 0.7% in the fourth quarter. IFG Advisory LLC now owns 88,292 shares of the company’s stock worth $1,763,000 after buying an additional 633 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of FS KKR Capital by 0.3% in the third quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company’s stock worth $4,442,000 after buying an additional 764 shares during the period. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FSK. Wells Fargo & Company raised their price objective on FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. lifted their target price on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and decreased their target price for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Hovde Group reissued a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods decreased their target price on 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. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.17.

FS KKR Capital Stock Performance

NYSE:FSK opened at $19.43 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital Corp. has a 1 year low of $17.50 and a 1 year high of $20.99. The stock’s 50 day simple moving average is $19.17 and its two-hundred day simple moving average is $19.67. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 7.80 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same quarter in the previous year, the company posted $0.81 EPS. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.18%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is 102.81%.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak bought 7,300 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the acquisition, the insider now owns 39,800 shares in the company, valued at $745,454. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

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.