Wealth Enhancement Advisory Services LLC Sells 6,221 Shares of FS KKR Capital Corp. (NYSE:FSK)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 116,548 shares of the company’s stock after selling 6,221 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in FS KKR Capital were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FSK. International Assets Investment Management LLC lifted its position in shares of FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in FS KKR Capital during the second quarter valued at about $19,544,000. Cetera Investment Advisers boosted its position in FS KKR Capital by 368.3% during the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after purchasing an additional 697,453 shares during the period. Maia Wealth LLC purchased a new position in shares of FS KKR Capital in the second quarter worth about $10,560,000. Finally, 1832 Asset Management L.P. increased its stake in shares of FS KKR Capital by 529.7% in the first quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock worth $11,635,000 after purchasing an additional 513,239 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Down 0.5 %

FSK opened at $20.14 on Friday. The firm has a market capitalization of $5.64 billion, a P/E ratio of 8.91 and a beta of 1.25. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The company has a fifty day moving average price of $20.07 and a 200-day moving average price of $19.91. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34.

FS KKR Capital (NYSE:FSK) last posted its 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. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $0.78 earnings per share. Equities research analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.70 dividend. This represents a dividend yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is 113.27%.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction 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 directly owns 44,800 shares in the company, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction dated 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 completion of the acquisition, the insider now owns 44,800 shares in the company, valued at approximately $860,608. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSK. Wells Fargo & Company dropped their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.94.

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.