Arete Wealth Advisors LLC Sells 1,482,614 Shares of FS KKR Capital Corp. (NYSE:FSK)

Arete Wealth Advisors LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 85.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247,788 shares of the company's stock after selling 1,482,614 shares during the period. Arete Wealth Advisors LLC owned approximately 0.09% of FS KKR Capital worth $4,894,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock worth $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $19,544,000. Legacy Investment Solutions LLC acquired a new stake in shares of FS KKR Capital during the 3rd quarter worth approximately $7,830,000. Flagship Harbor Advisors LLC acquired a new stake in shares of FS KKR Capital during the 3rd quarter worth approximately $7,290,000. Finally, Van ECK Associates Corp grew its position in shares of FS KKR Capital by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock worth $117,886,000 after buying an additional 356,704 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Brian Gerson purchased 5,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the transaction, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. This represents a 49.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 11,500 shares of company stock worth $248,910 over the last ninety days. Company insiders own 0.25% of the company's stock.

FS KKR Capital Stock Performance

Shares of NYSE FSK traded down $0.12 during mid-day trading on Wednesday, reaching $21.33. 1,514,217 shares of the company's stock were exchanged, compared to its average volume of 1,421,130. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.41 and a beta of 1.25. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a 50-day moving average price of $20.90 and a two-hundred day moving average price of $20.26.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million for the quarter, compared to analysts' expectations of $423.58 million. During the same period in the previous year, the business posted $0.80 EPS. Analysts predict 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. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from FS KKR Capital's previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital's dividend payout ratio is currently 136.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FSK. Royal Bank of Canada raised their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Monday, November 18th. B. Riley downgraded shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target for the company. in a research report on Wednesday. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of "Hold" and a consensus target price of $20.25.

About FS KKR Capital

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.