Aviso Wealth Management Lowers Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Aviso Wealth Management lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,066 shares of the company’s stock after selling 6,369 shares during the period. FS KKR Capital makes up about 1.0% of Aviso Wealth Management’s holdings, making the stock its 18th biggest holding. Aviso Wealth Management’s holdings in FS KKR Capital were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC increased its stake in FS KKR Capital by 86.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after acquiring an additional 104,016 shares during the last quarter. Inspire Advisors LLC increased its position in shares of FS KKR Capital by 28.6% during the 4th quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock valued at $2,387,000 after purchasing an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC lifted its position in FS KKR Capital by 24.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock worth $1,411,000 after buying an additional 12,926 shares during the last quarter. Graypoint LLC boosted its stake in FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after buying an additional 26,174 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of FS KKR Capital by 15.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock worth $4,473,000 after acquiring an additional 27,110 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

FSK stock opened at $21.25 on Wednesday. FS KKR Capital Corp. has a 52 week low of $18.53 and a 52 week high of $24.10. The firm has a market capitalization of $5.95 billion, a P/E ratio of 11.30 and a beta of 1.22. The company has a fifty day simple moving average of $22.60 and a two-hundred day simple moving average of $21.46. 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) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company 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%. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.18%. FS KKR Capital’s dividend payout ratio is 122.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company downgraded shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and an average target price of $21.30.

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.