Arete Wealth Advisors LLC Sells 1,482,614 Shares of FS KKR Capital Corp. (NYSE:FSK)

Arete Wealth Advisors LLC trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 85.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,788 shares of the company’s stock after selling 1,482,614 shares during the quarter. Arete Wealth Advisors LLC owned approximately 0.09% of FS KKR Capital worth $4,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in FS KKR Capital during the second quarter valued at $30,000. Ridgewood Investments LLC acquired a new stake in FS KKR Capital during the second quarter worth approximately $37,000. Rothschild Investment LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at $39,000. Financial Gravity Asset Management Inc. increased its stake in FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC acquired a new position in shares of FS KKR Capital during the second quarter valued at about $50,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank of Canada raised their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.19.

FS KKR Capital Stock Up 0.1 %

FSK stock opened at $21.46 on Wednesday. The firm has a market capitalization of $6.01 billion, a PE ratio of 11.41 and a beta of 1.25. 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 Corp. has a twelve month low of $18.31 and a twelve month high of $22.39. The stock’s 50 day moving average is $20.90 and its 200-day moving average is $20.26.

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

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 11,500 shares of company stock worth $248,910 in the last 90 days. Insiders own 0.25% of the company’s stock.

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.