Naviter Wealth LLC Grows Stake in FS KKR Capital Corp. $FSK

Naviter Wealth LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,587 shares of the company’s stock after purchasing an additional 13,239 shares during the quarter. FS KKR Capital comprises about 0.6% of Naviter Wealth LLC’s portfolio, making the stock its 29th biggest position. Naviter Wealth LLC’s holdings in FS KKR Capital were worth $5,253,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in FS KKR Capital by 2.8% during the 1st quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock worth $77,144,000 after purchasing an additional 98,647 shares during the period. Cura Wealth Advisors LLC increased its holdings in shares of FS KKR Capital by 1.1% in the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock valued at $37,387,000 after acquiring an additional 19,367 shares during the period. Transcend Capital Advisors LLC increased its holdings in shares of FS KKR Capital by 2.3% in the 1st quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company’s stock valued at $29,453,000 after acquiring an additional 31,039 shares during the period. Cetera Investment Advisers increased its holdings in shares of FS KKR Capital by 4.8% in the 1st quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock valued at $20,303,000 after acquiring an additional 44,087 shares during the period. Finally, Fountainhead AM LLC increased its holdings in shares of FS KKR Capital by 1.2% in the 1st quarter. Fountainhead AM LLC now owns 898,059 shares of the company’s stock valued at $18,814,000 after acquiring an additional 10,565 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 4.3%

FS KKR Capital stock opened at $14.77 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital Corp. has a 1-year low of $14.05 and a 1-year high of $24.10. The business has a fifty day moving average price of $16.86 and a 200-day moving average price of $19.35.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The business had revenue of $398.00 million during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.75 EPS. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a yield of 17.3%. FS KKR Capital’s payout ratio is currently 328.21%.

Analysts Set New Price Targets

FSK has been the topic of a number of analyst reports. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada cut their price target 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. Finally, Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target on the stock in a report on Monday, October 6th. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average target price of $17.75.

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.