Sanctuary Advisors LLC trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 961,084 shares of the company's stock after selling 49,985 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.34% of FS KKR Capital worth $20,923,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Van ECK Associates Corp raised its position in FS KKR Capital by 6.6% during the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock worth $117,886,000 after acquiring an additional 356,704 shares during the period. Commonwealth Equity Services LLC raised its position in shares of FS KKR Capital by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company's stock worth $84,487,000 after purchasing an additional 188,542 shares during the last quarter. LPL Financial LLC lifted its stake in FS KKR Capital by 1.8% in the 2nd 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 in the last quarter. International Assets Investment Management LLC boosted its holdings in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock worth $62,462,000 after buying an additional 3,012,711 shares during the last quarter. Finally, Strong Tower Advisory Services increased its stake in FS KKR Capital by 5.4% during the 3rd quarter. Strong Tower Advisory Services now owns 1,034,395 shares of the company's stock worth $20,409,000 after buying an additional 53,125 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on FSK shares. B. Riley downgraded FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price on the stock. in a research report on Wednesday. Royal Bank of Canada lifted their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.25.
Read Our Latest Stock Report on FSK
Insider Activity at FS KKR Capital
In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were 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 in the company, valued at approximately $1,061,238. This represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders purchased 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company's stock.
FS KKR Capital Trading Up 0.5 %
Shares of FSK stock traded up $0.11 during trading on Friday, hitting $21.46. 550,826 shares of the stock traded hands, compared to its average volume of 1,415,443. The firm has a market capitalization of $6.01 billion, a P/E ratio of 11.36 and a beta of 1.25. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $22.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm's fifty day moving average price is $20.96 and its 200-day moving average price is $20.27.
FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analysts' expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the prior year, the business posted $0.80 EPS. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 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 dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a boost from FS KKR Capital's previous None dividend of $0.64. FS KKR Capital's dividend payout ratio (DPR) is presently 136.17%.
About FS KKR Capital
(
Free Report)
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.
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