OneDigital Investment Advisors LLC Reduces Stake in FS KKR Capital Corp. (NYSE:FSK)

OneDigital Investment Advisors LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 8.3% during the third quarter, Holdings Channel reports. The firm owned 46,703 shares of the company’s stock after selling 4,222 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in FS KKR Capital were worth $921,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in FS KKR Capital during the second quarter worth $19,544,000. Cetera Investment Advisers raised its holdings in shares of FS KKR Capital by 368.3% in the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after acquiring an additional 697,453 shares during the last quarter. Maia Wealth LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at $10,560,000. Finally, 1832 Asset Management L.P. boosted its stake in shares of FS KKR Capital by 529.7% during the first quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after acquiring an additional 513,239 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FSK. Wells Fargo & Company cut their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.06.

FS KKR Capital Price Performance

FSK opened at $21.56 on Wednesday. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $21.60. 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 company’s 50 day simple moving average is $20.23 and its 200 day simple moving average is $20.04. The stock has a market capitalization of $6.04 billion, a PE ratio of 11.40 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the previous year, the company earned $0.80 EPS. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a dividend yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is 136.17%.

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.