Gentry Private Wealth LLC Trims Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Gentry Private Wealth LLC lowered its holdings in FS KKR Capital Corp. (NYSE:FSK) by 3.0% in the third quarter, HoldingsChannel reports. The firm owned 18,472 shares of the company’s stock after selling 564 shares during the period. Gentry Private Wealth LLC’s holdings in FS KKR Capital were worth $364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in FS KKR Capital in the second quarter valued at about $30,000. Ridgewood Investments LLC purchased a new position in FS KKR Capital in the second quarter valued at about $37,000. Rothschild Investment LLC purchased a new position in FS KKR Capital in the second quarter valued at about $39,000. Financial Gravity Asset Management Inc. boosted its holdings in FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in FS KKR Capital during the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FSK. Royal Bank of Canada increased their target price on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company reduced their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Trading Up 1.1 %

Shares of NYSE FSK opened at $21.77 on Friday. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 11.58 and a beta of 1.25. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.79. 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’s 50 day simple moving average is $20.40 and its 200 day simple moving average is $20.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same quarter last year, the business posted $0.80 EPS. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) 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.