Iron Gate Global Advisors LLC Decreases Stake in FS KKR Capital Corp. (NYSE:FSK)

Iron Gate Global Advisors LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.6% during the fourth quarter, HoldingsChannel reports. The fund owned 23,642 shares of the company’s stock after selling 1,147 shares during the period. Iron Gate Global Advisors LLC’s holdings in FS KKR Capital were worth $513,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FSK. McIlrath & Eck LLC grew its stake in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. Jones Financial Companies Lllp grew its position in FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock worth $51,000 after buying an additional 1,554 shares during the period. FNY Investment Advisers LLC purchased a new position in FS KKR Capital in the fourth quarter valued at about $52,000. Anchor Investment Management LLC purchased a new position in FS KKR Capital in the fourth quarter valued at about $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after acquiring an additional 1,520 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FSK. Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered FS KKR Capital from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $21.00 to $19.00 in a report on Monday, March 17th. Royal Bank of Canada raised their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.70.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $19.23 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The business’s fifty day moving average price is $21.60 and its two-hundred day moving average price is $21.45. The stock has a market cap of $5.38 billion, a PE ratio of 10.23 and a beta of 0.98. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.56%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is presently 122.49%.

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.