Kovack Advisors Inc. Lowers Stake in FS KKR Capital Corp. (NYSE:FSK)

Kovack Advisors Inc. lessened its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 129,145 shares of the company’s stock after selling 3,151 shares during the quarter. Kovack Advisors Inc.’s holdings in FS KKR Capital were worth $2,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fountainhead AM LLC boosted its position in shares of FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after buying an additional 71,644 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of FS KKR Capital by 86.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after buying an additional 104,016 shares during the period. Proactive Wealth Strategies LLC boosted its position in shares of FS KKR Capital by 24.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock worth $1,411,000 after buying an additional 12,926 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of FS KKR Capital by 18.1% in the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after acquiring an additional 39,086 shares in the last quarter. Finally, Graypoint LLC lifted its stake in shares of FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after acquiring an additional 26,174 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the transaction, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital has an average rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $22.84 on Thursday. The stock has a fifty day moving average price of $22.47 and a two-hundred day moving average price of $21.18. 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 firm has a market cap of $6.40 billion, a P/E ratio of 12.15 and a beta of 1.25. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.26%. FS KKR Capital’s payout ratio is currently 136.17%.

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.