FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.9% in the third quarter, HoldingsChannel reports. The fund owned 961,084 shares of the company’s stock after selling 49,985 shares during the quarter. Sanctuary Advisors LLC’s holdings in FS KKR Capital were worth $20,923,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FSK. Summit Securities Group LLC purchased a new position in FS KKR Capital during the second quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth $37,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth $39,000. McIlrath & Eck LLC grew its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the period. Finally, Financial Gravity Asset Management Inc. increased its stake in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after acquiring an additional 1,421 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 0.1 %

FSK opened at $21.36 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $22.39. The firm’s fifty day moving average price is $20.96 and its 200 day moving average price is $20.27. The stock has a market capitalization of $5.98 billion, a PE ratio of 11.36 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same period in the previous year, the business earned $0.80 EPS. As a group, research analysts expect that FS KKR Capital Corp. will post 2.89 EPS 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 dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is currently 136.17%.

Wall Street Analyst Weigh In

FSK has been the topic of several research analyst reports. Royal Bank of Canada lifted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.25.

Insider Buying and Selling

In other news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 11,500 shares of company stock worth $248,910 in the last three months. 0.25% of the stock is owned by insiders.

About FS KKR Capital

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.