Cullen Frost Bankers Inc. Has $199,000 Stake in FS KKR Capital Corp. $FSK

Cullen Frost Bankers Inc. trimmed its holdings in FS KKR Capital Corp. (NYSE:FSK) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,600 shares of the company’s stock after selling 1,213 shares during the period. Cullen Frost Bankers Inc.’s holdings in FS KKR Capital were worth $199,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of FS KKR Capital in the first quarter valued at approximately $29,000. Trust Co. of Vermont increased its stake in shares of FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after purchasing an additional 515 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of FS KKR Capital during the first quarter worth approximately $34,000. Wealth Preservation Advisors LLC bought a new position in shares of FS KKR Capital during the first quarter worth approximately $42,000. Finally, Compass Financial Services Inc bought a new position in shares of FS KKR Capital during the first quarter worth approximately $50,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $15.26 on Friday. The stock’s fifty day moving average price is $16.26 and its two-hundred day moving average price is $19.05. FS KKR Capital Corp. has a one year low of $14.05 and a one year high of $24.10. 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 (NYSE:FSK) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $402.00 million. During the same quarter last year, the business earned $0.75 EPS. Analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.64 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $2.56 annualized dividend and a dividend yield of 16.8%. FS KKR Capital’s dividend payout ratio (DPR) is presently 328.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada lowered their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Saturday. Finally, Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and a consensus price target of $17.75.

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.