Naviter Wealth LLC Sells 23,355 Shares of FS KKR Capital Corp. (NYSE:FSK)

Naviter Wealth LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 222,149 shares of the company's stock after selling 23,355 shares during the period. Naviter Wealth LLC owned about 0.08% of FS KKR Capital worth $4,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FSK. Van ECK Associates Corp raised its position in FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock worth $139,469,000 after acquiring an additional 673,420 shares during the period. Transcend Capital Advisors LLC increased its position in FS KKR Capital by 10.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company's stock worth $29,862,000 after buying an additional 128,856 shares in the last quarter. Strong Tower Advisory Services lifted its position in shares of FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company's stock valued at $23,252,000 after buying an additional 36,127 shares in the last quarter. Fountainhead AM LLC grew its stake in shares of FS KKR Capital by 9.8% during the 3rd quarter. Fountainhead AM LLC now owns 800,731 shares of the company's stock valued at $15,798,000 after acquiring an additional 71,644 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of FS KKR Capital by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company's stock valued at $14,913,000 after acquiring an additional 36,461 shares during the period. Hedge funds and other institutional investors own 36.26% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FSK shares. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Keefe, Bruyette & Woods boosted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Finally, B. Riley lowered FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has a consensus rating of "Hold" and a consensus price target of $21.70.

FS KKR Capital Trading Down 0.7 %

FS KKR Capital stock traded down $0.16 during midday trading on Wednesday, reaching $21.58. The stock had a trading volume of 2,365,300 shares, compared to its average volume of 1,315,769. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $24.10. The company has a fifty day moving average of $22.71 and a 200 day moving average of $21.40. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 11.48 and a beta of 1.22. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.97%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital's dividend payout ratio is presently 122.49%.

FS KKR Capital Company 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.