Virtus ETF Advisers LLC Sells 1,455 Shares of FS KKR Capital Corp. (NYSE:FSK)

Virtus ETF Advisers LLC decreased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,750 shares of the company’s stock after selling 1,455 shares during the period. Virtus ETF Advisers LLC’s holdings in FS KKR Capital were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC lifted its stake in shares of FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after buying an additional 104,016 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after buying an additional 24,443 shares in the last quarter. Proactive Wealth Strategies LLC boosted its stake in FS KKR Capital by 24.8% during the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock valued at $1,411,000 after buying an additional 12,926 shares during the last quarter. Graypoint LLC grew its holdings in FS KKR Capital by 23.1% during the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after buying an additional 26,174 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock worth $4,473,000 after acquiring an additional 27,110 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FSK shares. Royal Bank of Canada increased their target price 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. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $21.00 to $19.00 in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.10.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $20.16 on Friday. FS KKR Capital Corp. has a 12-month low of $17.42 and a 12-month high of $24.10. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $20.98 and a 200-day moving average price of $21.43. The firm has a market capitalization of $5.65 billion, a PE ratio of 10.72 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. As a group, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.89%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital’s payout ratio is currently 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.