Clear Creek Financial Management LLC lessened its position in FS KKR Capital Corp (NYSE:FSK) by 6.6% during the 4th quarter, Holdings Channel reports. The firm owned 32,503 shares of the company’s stock after selling 2,310 shares during the quarter. Clear Creek Financial Management LLC’s holdings in FS KKR Capital were worth $205,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Ironwood Wealth Management LLC. bought a new position in shares of FS KKR Capital in the second quarter valued at about $46,000. Wells Fargo & Company MN bought a new position in shares of FS KKR Capital in the second quarter valued at about $910,000. JPMorgan Chase & Co. bought a new position in shares of FS KKR Capital in the second quarter valued at about $1,204,000. Prudential Financial Inc. bought a new position in shares of FS KKR Capital in the second quarter valued at about $93,000. Finally, Bank of New York Mellon Corp bought a new position in shares of FS KKR Capital in the second quarter valued at about $427,000. Institutional investors own 28.70% of the company’s stock.
In other FS KKR Capital news, Director Richard I. Goldstein purchased 5,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of $5.96 per share, for a total transaction of $29,800.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian Gerson purchased 10,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $6.01 per share, with a total value of $60,100.00. Following the transaction, the insider now owns 70,000 shares in the company, valued at $420,700. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 36,000 shares of company stock valued at $217,110. 0.35% of the stock is owned by corporate insiders.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. FS KKR Capital had a return on equity of 9.01% and a net margin of 22.13%. The firm had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $193.44 million. As a group, sell-side analysts anticipate that FS KKR Capital Corp will post 0.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 12.08%. The ex-dividend date was Tuesday, December 17th. FS KKR Capital’s dividend payout ratio (DPR) is presently 89.41%.
A number of research analysts recently issued reports on FSK shares. Jefferies Financial Group started coverage on FS KKR Capital in a report on Thursday, October 10th. They issued a “buy” rating and a $8.00 price target for the company. Zacks Investment Research cut FS KKR Capital from a “buy” rating to a “hold” rating in a report on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $7.40.
About FS KKR Capital
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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