Strategic Wealth Partners Ltd. Sells 6,653 Shares of FS KKR Capital Corp. (NYSE:FSK)

Strategic Wealth Partners Ltd. decreased its position in FS KKR Capital Corp. (NYSE:FSK) by 5.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 122,407 shares of the company’s stock after selling 6,653 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in FS KKR Capital were worth $2,415,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in FS KKR Capital during the second quarter worth about $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital during the second quarter worth about $37,000. Mather Group LLC. bought a new position in FS KKR Capital during the first quarter worth about $39,000. Rothschild Investment LLC bought a new position in FS KKR Capital during the second quarter worth about $39,000. Finally, Financial Gravity Asset Management Inc. boosted its holdings in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after buying an additional 1,421 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FSK. Wells Fargo & Company reduced their target price on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and an average price target of $20.06.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 insiders.

FS KKR Capital Trading Down 0.1 %

NYSE:FSK opened at $20.00 on Wednesday. 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 current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $5.60 billion, a PE ratio of 8.33 and a beta of 1.25. The business’s 50-day simple moving average is $19.74 and its 200-day simple moving average is $19.75.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same quarter last year, the firm earned $0.78 EPS. 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 company also recently announced a None dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th were given a $0.64 dividend. This represents a yield of 13.33%. The ex-dividend date was Wednesday, September 11th. FS KKR Capital’s dividend payout ratio is presently 106.67%.

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.