Sunbelt Securities Inc. Reduces Holdings in FS KKR Capital Corp. (NYSE:FSK)

Sunbelt Securities Inc. reduced its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,256 shares of the company’s stock after selling 738 shares during the period. Sunbelt Securities Inc.’s holdings in FS KKR Capital were worth $656,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp raised its holdings in FS KKR Capital by 26.9% in the 1st quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock worth $125,935,000 after purchasing an additional 1,398,998 shares during the period. Cetera Investment Advisers increased its position in FS KKR Capital by 368.3% in the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after buying an additional 697,453 shares in the last quarter. MGO One Seven LLC raised its stake in shares of FS KKR Capital by 2,065.4% in the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock worth $11,999,000 after buying an additional 573,086 shares during the period. Maia Wealth LLC purchased a new position in shares of FS KKR Capital during the 2nd quarter valued at about $10,560,000. Finally, 1832 Asset Management L.P. grew its stake in shares of FS KKR Capital by 529.7% during the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after acquiring an additional 513,239 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $19.71 on Wednesday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 8.21 and a beta of 1.26. The firm has a fifty day moving average price of $19.78 and a 200 day moving average price of $19.69. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same quarter last year, the business posted $0.78 earnings per share. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a $0.64 dividend. This represents a yield of 13.33%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio is presently 106.67%.

Insider Activity at FS KKR Capital

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

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.