Roman Butler Fullerton & Co. Lowers Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Roman Butler Fullerton & Co. lowered its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,267 shares of the company’s stock after selling 1,159 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in FS KKR Capital were worth $233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC increased its holdings in shares of FS KKR Capital by 990.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 112,128 shares of the company’s stock valued at $2,239,000 after acquiring an additional 101,845 shares in the last quarter. GP Brinson Investments LLC increased its holdings in shares of FS KKR Capital by 78.4% during the fourth quarter. GP Brinson Investments LLC now owns 517,707 shares of the company’s stock valued at $10,339,000 after acquiring an additional 227,573 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of FS KKR Capital during the third quarter valued at $2,397,000. Integrated Wealth Concepts LLC increased its holdings in shares of FS KKR Capital by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 74,985 shares of the company’s stock valued at $1,476,000 after acquiring an additional 2,627 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of FS KKR Capital by 2.3% during the third quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock valued at $59,012,000 after acquiring an additional 66,636 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Trading Up 0.6 %

Shares of NYSE:FSK opened at $19.16 on Friday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 7.69 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock’s 50-day simple moving average is $19.20 and its two-hundred day simple moving average is $19.66. FS KKR Capital Corp. has a 52-week low of $17.50 and a 52-week high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The firm had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same period in the previous year, the firm earned $0.81 EPS. Analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were given a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.36%. FS KKR Capital’s payout ratio is currently 102.81%.

Insider Activity

In related news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares in the company, valued at $745,454. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

FSK has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $21.50 to $19.50 in a report on Tuesday, February 27th. Truist Financial reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Hovde Group reiterated a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $20.17.

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.