Acorn Financial Advisory Services Inc. ADV Sells 1,630 Shares of FS KKR Capital Corp. (NYSE:FSK)

Acorn Financial Advisory Services Inc. ADV cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 13.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,356 shares of the company’s stock after selling 1,630 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in FS KKR Capital were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its holdings in FS KKR Capital by 30.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after purchasing an additional 14,977 shares during the period. Cetera Advisors LLC lifted its holdings in shares of FS KKR Capital by 39.3% during the 1st quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock worth $8,231,000 after acquiring an additional 121,754 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth $2,473,000. LSV Asset Management lifted its holdings in shares of FS KKR Capital by 3.2% during the 1st quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock worth $37,500,000 after acquiring an additional 60,700 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in FS KKR Capital by 30.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock worth $2,422,000 after purchasing an additional 28,889 shares during the period. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Trading Up 0.6 %

Shares of FSK traded up $0.13 during trading hours on Friday, reaching $21.07. 1,942,368 shares of the company traded hands, compared to its average volume of 1,120,548. The company’s fifty day moving average price is $20.12 and its two-hundred day moving average price is $19.96. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 11.21 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $21.14.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 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 12.25%. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Equities research analysts predict that FS KKR Capital Corp. will post 2.86 earnings per share 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. Stockholders of record on Wednesday, December 4th will be paid a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is currently 136.17%.

Insider Transactions at FS KKR Capital

In other news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FSK. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.94.

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.