Waverly Advisors LLC Sells 20,229 Shares of FS KKR Capital Corp. (NYSE:FSK)

Waverly Advisors LLC lowered its position in FS KKR Capital Corp. (NYSE:FSK) by 16.2% in the 4th quarter, Holdings Channel reports. The firm owned 104,503 shares of the company’s stock after selling 20,229 shares during the quarter. Waverly Advisors LLC’s holdings in FS KKR Capital were worth $2,270,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Kendall Capital Management raised its holdings in shares of FS KKR Capital by 2.3% in the fourth quarter. Kendall Capital Management now owns 22,897 shares of the company’s stock worth $497,000 after buying an additional 517 shares during the period. Endowment Wealth Management Inc. increased its stake in FS KKR Capital by 0.6% in the fourth quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company’s stock worth $1,977,000 after purchasing an additional 582 shares during the period. Lloyd Advisory Services LLC. increased its stake in FS KKR Capital by 6.7% in the fourth quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company’s stock worth $232,000 after purchasing an additional 667 shares during the period. Wagner Wealth Management LLC lifted its position in shares of FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company’s stock worth $245,000 after purchasing an additional 679 shares during the last quarter. Finally, RE Dickinson Investment Advisors LLC boosted its stake in shares of FS KKR Capital by 16.5% during the fourth quarter. RE Dickinson Investment Advisors LLC now owns 4,847 shares of the company’s stock valued at $105,000 after purchasing an additional 686 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on FSK shares. B. Riley began coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Monday, April 28th. Royal Bank of Canada dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 15th. Finally, Keefe, Bruyette & Woods decreased their target price on 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. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and a consensus target price of $19.50.

FS KKR Capital Price Performance

NYSE FSK opened at $20.83 on Friday. The company has a market cap of $5.83 billion, a PE ratio of 11.08 and a beta of 0.98. The firm’s 50 day moving average price is $20.11 and its 200-day moving average price is $21.42. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $400.00 million during the quarter, compared to analyst estimates of $395.22 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. FS KKR Capital’s revenue was down 7.8% on a year-over-year basis. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 12.29%. FS KKR Capital’s dividend payout ratio (DPR) is presently 134.74%.

FS KKR Capital 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.