FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Allworth Financial LP

Allworth Financial LP lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,511 shares of the company’s stock after selling 2,810 shares during the quarter. Allworth Financial LP’s holdings in FS KKR Capital were worth $385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSK. Summit Securities Group LLC acquired a new position in FS KKR Capital in the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth approximately $37,000. Rothschild Investment LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth approximately $39,000. Financial Gravity Asset Management Inc. boosted its position in FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the topic of several recent research reports. 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. Wells Fargo & Company lowered their price objective on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.94.

Insider Transactions at FS KKR Capital

In related news, CEO Michael C. Forman sold 195,139 shares of the business’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Michael C. Forman sold 195,139 shares of the business’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares in the company, valued at $860,608. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Down 1.9 %

NYSE FSK opened at $20.34 on Wednesday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The business’s fifty day simple moving average is $20.03 and its 200-day simple moving average is $19.88. The firm has a market cap of $5.70 billion, a PE ratio of 8.48 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.78 EPS. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is currently 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.