Iron Gate Global Advisors LLC Has $489,000 Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Iron Gate Global Advisors LLC lessened its position in FS KKR Capital Corp. (NYSE:FSK) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,789 shares of the company’s stock after selling 3,916 shares during the period. Iron Gate Global Advisors LLC’s holdings in FS KKR Capital were worth $489,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of FS KKR Capital by 6.6% during the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after purchasing an additional 356,704 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of FS KKR Capital by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after purchasing an additional 188,542 shares in the last quarter. LPL Financial LLC boosted its stake in FS KKR Capital by 1.8% in the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock worth $66,141,000 after purchasing an additional 59,240 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after purchasing an additional 3,012,711 shares during the period. Finally, Strong Tower Advisory Services raised its holdings in shares of FS KKR Capital by 5.4% in the third quarter. Strong Tower Advisory Services now owns 1,034,395 shares of the company’s stock valued at $20,409,000 after purchasing an additional 53,125 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Down 1.1 %

NYSE:FSK opened at $21.99 on Tuesday. The firm has a 50-day simple moving average of $20.68 and a two-hundred day simple moving average of $20.20. The firm has a market cap of $6.16 billion, a P/E ratio of 11.69 and a beta of 1.25. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

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

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.70 dividend. This represents a yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

Analysts Set New Price Targets

FSK has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.19.

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.