Fortress Wealth Group LLC cut its stake in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 8.3% in the first quarter, Holdings Channel reports. The fund owned 18,235 shares of the company's stock after selling 1,643 shares during the period. Fortress Wealth Group LLC's holdings in FS KKR Capital were worth $416,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Semmax Financial Advisors Inc. acquired a new stake in FS KKR Capital during the fourth quarter worth about $35,000. Motco purchased a new stake in shares of FS KKR Capital in the 1st quarter valued at approximately $35,000. Rise Advisors LLC purchased a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $36,000. Capital Advisory Group Advisory Services LLC purchased a new stake in shares of FS KKR Capital in the 1st quarter valued at approximately $42,000. Finally, Worth Asset Management LLC purchased a new stake in shares of FS KKR Capital in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 35.74% of the company's stock.
Get FS KKR Capital alerts:FS KKR Capital Trading Up 1.2 %
Shares of NYSE:FSK traded up $0.25 during mid-day trading on Monday, reaching $21.64. 56,078 shares of the company were exchanged, compared to its average volume of 1,330,235. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.49 and a quick ratio of 2.49. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 10.09 and a beta of 1.33. The firm's 50-day simple moving average is $21.37 and its 200 day simple moving average is $21.48. FS KKR Capital Corp. has a 1 year low of $18.08 and a 1 year high of $23.44.
FS KKR Capital (NYSE:FSK – Get Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The firm had revenue of $379.00 million during the quarter, compared to analysts' expectations of $378.79 million. FS KKR Capital had a net margin of 40.23% and a return on equity of 9.93%. Equities research analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current year.FS KKR Capital Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, September 14th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, September 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 12.38%. FS KKR Capital's payout ratio is currently 128.30%.
Analysts Set New Price Targets
FSK has been the subject of several analyst reports. Hovde Group dropped their price target on shares of FS KKR Capital to $23.00 in a research note on Friday, May 20th. Compass Point dropped their price target on shares of FS KKR Capital to $24.00 in a research note on Monday, August 15th. Finally, Wells Fargo & Company increased their price target on shares of FS KKR Capital from $19.00 to $20.50 and gave the company an "equal weight" rating in a research note on Wednesday, August 10th.
FS KKR Capital Company Profile
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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.
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