PFG Investments LLC Has $1.43 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

PFG Investments LLC trimmed its holdings in FS KKR Capital Corp. (NYSE:FSK) by 7.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 68,173 shares of the company’s stock after selling 5,274 shares during the period. PFG Investments LLC’s holdings in FS KKR Capital were worth $1,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FSK. Advisor Resource Council bought a new position in shares of FS KKR Capital during the first quarter worth approximately $529,000. Silver Oak Securities Incorporated increased its stake in shares of FS KKR Capital by 43.6% during the first quarter. Silver Oak Securities Incorporated now owns 43,181 shares of the company’s stock worth $906,000 after purchasing an additional 13,114 shares during the period. United Advisor Group LLC increased its stake in shares of FS KKR Capital by 2.3% during the first quarter. United Advisor Group LLC now owns 263,670 shares of the company’s stock worth $5,524,000 after purchasing an additional 5,821 shares during the period. Redwood Wealth Management Group LLC increased its stake in shares of FS KKR Capital by 4.0% during the first quarter. Redwood Wealth Management Group LLC now owns 21,435 shares of the company’s stock worth $449,000 after purchasing an additional 825 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of FS KKR Capital by 250.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company’s stock worth $16,831,000 after purchasing an additional 563,432 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

FS KKR Capital stock opened at $20.64 on Friday. The stock’s fifty day moving average price is $20.51 and its two-hundred day moving average price is $21.37. FS KKR Capital Corp. has a one year low of $17.42 and a one year high of $24.10. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.09 and a current ratio of 2.09.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a return on equity of 11.78% and a net margin of 31.53%. The firm had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. During the same quarter last year, the company earned $0.62 EPS. The company’s revenue was down 7.8% on a year-over-year basis. Analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be paid a $0.64 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.40%. FS KKR Capital’s payout ratio is 134.74%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FSK. Oppenheimer lowered their target price on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company lowered their target price on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, B. Riley started coverage on FS KKR Capital in a research note on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price objective on the stock. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.50.

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.