FS KKR Capital Corp. $FSK Position Increased by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in FS KKR Capital Corp. (NYSE:FSK) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 998,576 shares of the company’s stock after buying an additional 29,438 shares during the quarter. Cetera Investment Advisers’ holdings in FS KKR Capital were worth $20,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its holdings in shares of FS KKR Capital by 0.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock worth $89,514,000 after acquiring an additional 28,619 shares during the last quarter. LPL Financial LLC increased its stake in FS KKR Capital by 2.8% in 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 in the last quarter. Generali Asset Management SPA SGR raised its holdings in FS KKR Capital by 21.7% during the 2nd quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock worth $51,569,000 after buying an additional 442,374 shares during the period. Cura Wealth Advisors LLC raised its holdings in FS KKR Capital by 1.1% during the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock worth $37,387,000 after buying an additional 19,367 shares during the period. Finally, CCLA Investment Management purchased a new stake in FS KKR Capital during the second quarter valued at about $33,463,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FSK shares. JPMorgan Chase & Co. cut their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods dropped their price target on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $17.50.

FS KKR Capital Stock Down 0.0%

FS KKR Capital stock opened at $15.31 on Wednesday. The company’s fifty day simple moving average is $15.35 and its 200-day simple moving average is $18.53. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $373.00 million during the quarter, compared to analyst estimates of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same period last year, the company earned $0.74 earnings per share. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 16.7%. The ex-dividend date is Wednesday, December 3rd. FS KKR Capital’s payout ratio is currently 263.92%.

Insider Activity at FS KKR Capital

In other news, CEO Michael C. Forman purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average price of $15.50 per share, with a total value of $155,000.00. Following the purchase, the chief executive officer owned 24,220 shares in the company, valued at $375,410. This represents a 70.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Pietrzak acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $15.15 per share, for a total transaction of $151,500.00. Following the transaction, the insider owned 59,800 shares of the company’s stock, valued at approximately $905,970. This represents a 20.08% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 20,330 shares of company stock valued at $312,480. 0.25% of the stock is currently owned by company insiders.

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.