Kohlberg Kravis Roberts & Co. L.P. Has $19.35 Million Position in FS KKR Capital Corp. (NYSE:FSK)

Kohlberg Kravis Roberts & Co. L.P. cut its position in FS KKR Capital Corp. (NYSE:FSK) by 79.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 980,587 shares of the company’s stock after selling 3,759,459 shares during the quarter. FS KKR Capital comprises about 0.6% of Kohlberg Kravis Roberts & Co. L.P.’s portfolio, making the stock its 14th largest holding. Kohlberg Kravis Roberts & Co. L.P.’s holdings in FS KKR Capital were worth $19,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of FS KKR Capital during the second quarter worth $206,000. 1832 Asset Management L.P. increased its holdings in FS KKR Capital by 31.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 800,000 shares of the company’s stock worth $15,784,000 after purchasing an additional 189,860 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of FS KKR Capital by 7.4% in the 2nd quarter. ProShare Advisors LLC now owns 42,380 shares of the company’s stock valued at $836,000 after purchasing an additional 2,919 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of FS KKR Capital by 15.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock valued at $508,000 after purchasing an additional 3,415 shares in the last quarter. Finally, AE Wealth Management LLC boosted its position in shares of FS KKR Capital by 28.8% during the second quarter. AE Wealth Management LLC now owns 98,961 shares of the company’s stock worth $1,956,000 after buying an additional 22,149 shares during the period. 36.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

FS KKR Capital Trading Down 0.4 %

Shares of FS KKR Capital stock opened at $19.69 on Wednesday. The stock has a market cap of $5.51 billion, a P/E ratio of 8.20 and a beta of 1.26. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The business’s 50 day moving average is $19.83 and its 200-day moving average is $19.66.

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, topping the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same period in the prior year, the firm posted $0.78 earnings per share. Equities research analysts predict 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 issued a dividend of $0.64 per share. This represents a yield of 13.33%. The ex-dividend date of this dividend is Wednesday, September 11th. FS KKR Capital’s payout ratio is currently 106.67%.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $19.21 per share, with a total value of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought 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 approximately $860,608. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

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.