Private Trust Co. NA Cuts Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Private Trust Co. NA lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,914 shares of the company’s stock after selling 936 shares during the period. Private Trust Co. NA’s holdings in FS KKR Capital were worth $353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC grew its stake in shares of FS KKR Capital by 30.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,855 shares of the company’s stock worth $283,000 after purchasing an additional 3,439 shares during the last quarter. EMC Capital Management lifted its stake in FS KKR Capital by 28.0% in the first quarter. EMC Capital Management now owns 13,804 shares of the company’s stock worth $263,000 after acquiring an additional 3,021 shares during the period. Cetera Investment Advisers boosted its holdings in FS KKR Capital by 368.3% in the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock valued at $16,911,000 after acquiring an additional 697,453 shares in the last quarter. Cetera Advisors LLC raised its holdings in FS KKR Capital by 39.3% in the 1st quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock worth $8,231,000 after purchasing an additional 121,754 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of FS KKR Capital by 2.4% in the 2nd quarter. Confluence Investment Management LLC now owns 51,677 shares of the company’s stock worth $1,020,000 after purchasing an additional 1,223 shares during the period. Institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

FSK has been the topic of several research reports. Wells Fargo & Company dropped their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Trading Up 0.8 %

Shares of FSK stock opened at $22.13 on Thursday. 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 stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 11.77 and a beta of 1.25. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $22.18. The stock’s 50-day moving average price is $20.54 and its 200-day moving average price is $20.15.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business 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 last year, the company posted $0.80 EPS. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

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

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.