Tradition Wealth Management LLC Lowers Holdings in FS KKR Capital Corp. (NYSE:FSK)

Tradition Wealth Management LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,561 shares of the company’s stock after selling 631 shares during the quarter. Tradition Wealth Management LLC’s holdings in FS KKR Capital were worth $346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC grew its stake in FS KKR Capital by 0.6% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the company’s stock valued at $4,599,000 after acquiring an additional 1,386 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of FS KKR Capital by 5.1% in the third quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company’s stock worth $14,913,000 after purchasing an additional 36,461 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of FS KKR Capital in the third quarter worth about $528,000. Shum Financial Group Inc. bought a new position in FS KKR Capital during the third quarter valued at approximately $224,000. Finally, Principal Street Partners LLC grew its holdings in FS KKR Capital by 108.6% during the 3rd quarter. Principal Street Partners LLC now owns 26,874 shares of the company’s stock valued at $530,000 after buying an additional 13,992 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

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

FS KKR Capital Trading Up 0.4 %

Shares of FSK opened at $22.22 on Monday. The company’s fifty day simple moving average is $20.63 and its 200-day simple moving average is $20.18. The company has a market cap of $6.22 billion, a P/E ratio of 11.82 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $22.39.

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

FS KKR Capital Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is presently 136.17%.

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.