FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,537 shares of the company’s stock after selling 35,035 shares during the quarter. Raymond James & Associates owned approximately 0.10% of FS KKR Capital worth $5,713,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of FS KKR Capital during the 1st quarter worth approximately $39,000. Benjamin F. Edwards & Company Inc. bought a new stake in FS KKR Capital in the first quarter valued at $78,000. Provence Wealth Management Group boosted its holdings in shares of FS KKR Capital by 76.6% during the fourth quarter. Provence Wealth Management Group now owns 4,035 shares of the company’s stock valued at $81,000 after acquiring an additional 1,750 shares during the period. Atticus Wealth Management LLC grew its position in shares of FS KKR Capital by 14.1% during the first quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock worth $87,000 after acquiring an additional 562 shares during the last quarter. Finally, Parallel Advisors LLC bought a new position in shares of FS KKR Capital during the fourth quarter worth about $100,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK opened at $20.08 on Thursday. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The stock has a market capitalization of $5.62 billion, a P/E ratio of 8.37 and a beta of 1.26. The firm’s 50 day moving average is $19.86 and its 200-day moving average is $19.62. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $426.41 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. During the same quarter in the prior year, the company earned $0.78 earnings per share. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.82 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.70 dividend. The ex-dividend date is Wednesday, September 11th. This represents a yield of 14.6%. FS KKR Capital’s payout ratio is 106.67%.

Insider Buying and Selling

In other news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. The purchase was disclosed in a filing with the SEC, which is available through this link. In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now owns 44,800 shares in the company, valued at $860,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. B. Riley reiterated a “buy” rating and set a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Finally, Wells Fargo & Company lowered their target price on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $20.06.

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.