1620 Investment Advisors Inc. Sells 506 Shares of FS KKR Capital Corp. (NYSE:FSK)

1620 Investment Advisors Inc. lowered its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,865 shares of the company’s stock after selling 506 shares during the period. 1620 Investment Advisors Inc.’s holdings in FS KKR Capital were worth $410,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. HUB Investment Partners LLC purchased a new stake in FS KKR Capital during the 4th quarter valued at $222,000. Condor Capital Management lifted its position in shares of FS KKR Capital by 4.2% in the 4th quarter. Condor Capital Management now owns 54,558 shares of the company’s stock worth $1,185,000 after purchasing an additional 2,208 shares during the period. Lingohr Asset Management GmbH purchased a new stake in shares of FS KKR Capital in the 4th quarter worth about $212,000. Investment House LLC lifted its position in shares of FS KKR Capital by 9.3% in the 4th quarter. Investment House LLC now owns 17,643 shares of the company’s stock worth $383,000 after purchasing an additional 1,500 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of FS KKR Capital in the 4th quarter worth about $17,608,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

FSK opened at $20.48 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 10.89 and a beta of 1.22. The company’s 50 day moving average is $22.62 and its 200 day moving average is $21.43. FS KKR Capital Corp. has a 12-month low of $18.53 and a 12-month high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. On average, equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.68%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is currently 122.49%.

Wall Street Analyst Weigh In

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

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.