Royal Bank of Canada Sells 1,414 Shares of FS KKR Capital Corp. $FSK

Royal Bank of Canada lessened its position in FS KKR Capital Corp. (NYSE:FSK) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 503,610 shares of the company’s stock after selling 1,414 shares during the period. Royal Bank of Canada’s holdings in FS KKR Capital were worth $10,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSK. Kingswood Wealth Advisors LLC grew 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 valued at $16,831,000 after buying an additional 563,432 shares during the last quarter. Wellington Management Group LLP purchased a new stake in FS KKR Capital in the first quarter worth about $9,218,000. Financial Gravity Asset Management Inc. purchased a new stake in FS KKR Capital in the first quarter worth about $6,383,000. Geneos Wealth Management Inc. lifted its holdings in shares of FS KKR Capital by 88.5% during the first quarter. Geneos Wealth Management Inc. now owns 644,908 shares of the company’s stock valued at $13,511,000 after purchasing an additional 302,773 shares during the last quarter. Finally, Ethos Financial Group LLC purchased a new position in shares of FS KKR Capital during the first quarter valued at approximately $4,888,000. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Up 0.1%

FS KKR Capital stock opened at $17.81 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital Corp. has a 1-year low of $17.35 and a 1-year high of $24.10. The company’s 50-day moving average is $19.64 and its 200 day moving average is $20.37.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The firm had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same period last year, the company earned $0.75 earnings per share. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 15.7%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, September 17th. FS KKR Capital’s dividend payout ratio is 328.21%.

Wall Street Analyst Weigh In

FSK has been the subject of several recent research reports. Royal Bank Of Canada lowered their target price on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Keefe, Bruyette & Woods cut their target price on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Finally, Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, August 8th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $18.42.

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.