HB Wealth Management LLC Has $271,000 Holdings in FS KKR Capital Corp. $FSK

HB Wealth Management LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,076 shares of the company’s stock after selling 1,673 shares during the period. HB Wealth Management LLC’s holdings in FS KKR Capital were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GraniteShares Advisors LLC raised its holdings in shares of FS KKR Capital by 6.7% in the 2nd quarter. GraniteShares Advisors LLC now owns 128,631 shares of the company’s stock worth $2,669,000 after acquiring an additional 8,041 shares during the last quarter. Symmetry Partners LLC acquired a new stake in shares of FS KKR Capital in the 2nd quarter worth about $372,000. Kendall Capital Management raised its holdings in shares of FS KKR Capital by 8.0% in the 2nd quarter. Kendall Capital Management now owns 31,447 shares of the company’s stock worth $653,000 after acquiring an additional 2,320 shares during the last quarter. FCG Investment Co acquired a new stake in shares of FS KKR Capital in the 2nd quarter worth about $451,000. Finally, Legacy Solutions LLC raised its holdings in shares of FS KKR Capital by 1.7% in the 2nd quarter. Legacy Solutions LLC now owns 62,414 shares of the company’s stock worth $1,295,000 after acquiring an additional 1,068 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Down 1.8%

Shares of FSK stock opened at $14.69 on Tuesday. The company has a 50 day moving average of $17.50 and a 200-day moving average of $19.58. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. FS KKR Capital Corp. has a 12-month low of $14.66 and a 12-month high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly 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). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The company had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter in the previous year, the business earned $0.75 EPS. As a group, analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 19.1%. The ex-dividend date was Wednesday, September 17th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 328.21%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FSK. Zacks Research upgraded shares of FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. JPMorgan Chase & Co. decreased 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 research note on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Saturday, September 27th. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a research note on Friday, August 8th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $17.75.

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.