Royal Bank of Canada Sells 1,414 Shares of FS KKR Capital Corp. $FSK

Royal Bank of Canada reduced its holdings in FS KKR Capital Corp. (NYSE:FSK) by 0.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 503,610 shares of the company’s stock after selling 1,414 shares during the quarter. Royal Bank of Canada owned 0.18% of FS KKR Capital worth $10,550,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new position in FS KKR Capital during the fourth quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd bought a new position in shares of FS KKR Capital in the 1st quarter valued at $34,000. Wealth Preservation Advisors LLC bought a new position in shares of FS KKR Capital in the 1st quarter valued at $42,000. von Borstel & Associates Inc. bought a new position in shares of FS KKR Capital in the 1st quarter valued at $60,000. Finally, Creekmur Asset Management LLC increased its stake in shares of FS KKR Capital by 76.9% in the 1st quarter. Creekmur Asset Management LLC now owns 3,106 shares of the company’s stock valued at $65,000 after purchasing an additional 1,350 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

FS KKR Capital Trading Up 0.1%

FS KKR Capital stock opened at $17.81 on Friday. FS KKR Capital Corp. has a 12 month low of $17.35 and a 12 month high of $24.10. 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 business’s 50 day simple moving average is $19.64 and its 200 day simple moving average is $20.37.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($1.23). The company had revenue of $398.00 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a dividend yield of 15.7%. FS KKR Capital’s payout ratio is currently 328.21%.

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.