Wealth Effects LLC Sells 13,610 Shares of FS KKR Capital Corp. (NYSE:FSK)

Wealth Effects LLC lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 36.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,540 shares of the company’s stock after selling 13,610 shares during the quarter. Wealth Effects LLC’s holdings in FS KKR Capital were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in FS KKR Capital by 26.9% in the 1st quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock worth $125,935,000 after purchasing an additional 1,398,998 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after buying an additional 188,542 shares in the last quarter. LPL Financial LLC boosted its stake in FS KKR Capital by 1.8% during the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock valued at $66,141,000 after buying an additional 59,240 shares during the last quarter. LSV Asset Management grew its holdings in FS KKR Capital by 3.2% during the 1st quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock valued at $37,500,000 after buying an additional 60,700 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of FS KKR Capital by 21.0% during the 1st quarter. Kestra Advisory Services LLC now owns 1,218,960 shares of the company’s stock worth $23,411,000 after acquiring an additional 211,961 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.9 %

Shares of FSK traded up $0.18 during midday trading on Monday, hitting $20.70. The stock had a trading volume of 645,890 shares, compared to its average volume of 1,423,643. The stock’s 50 day moving average is $19.88 and its 200 day moving average is $19.82. The firm has a market cap of $5.80 billion, a PE ratio of 8.63 and a beta of 1.25. 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 Corp. has a 1 year low of $18.31 and a 1 year high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 company 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 company posted $0.78 EPS. As a group, analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is presently 106.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FSK shares. Wells Fargo & Company reduced their price target on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and an average target price of $20.06.

Insider Buying and Selling at FS KKR Capital

In other news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the acquisition, the insider now directly owns 44,800 shares of the company’s stock, valued at $860,608. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital 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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

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.