HighTower Advisors LLC Sells 40,252 Shares of FS KKR Capital Corp. (NYSE:FSK)

HighTower Advisors LLC reduced its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 16.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,482 shares of the company's stock after selling 40,252 shares during the quarter. HighTower Advisors LLC owned 0.07% of FS KKR Capital worth $4,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Summit Securities Group LLC bought a new position in FS KKR Capital in the 2nd quarter valued at about $30,000. Ridgewood Investments LLC purchased a new stake in shares of FS KKR Capital in the second quarter worth approximately $37,000. Rothschild Investment LLC purchased a new stake in shares of FS KKR Capital in the second quarter worth approximately $39,000. Financial Gravity Asset Management Inc. lifted its holdings in shares of FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company's stock valued at $42,000 after purchasing an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $50,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock traded up $0.03 during trading hours on Thursday, hitting $21.36. 945,015 shares of the company's stock traded hands, compared to its average volume of 1,419,156. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 11.36 and a beta of 1.25. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month 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 company has a fifty day simple moving average of $20.96 and a 200-day simple moving average of $20.27.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) 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 the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter last year, the company posted $0.80 earnings per share. Equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from FS KKR Capital's previous None dividend of $0.64. FS KKR Capital's payout ratio is 136.17%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FSK shares. B. Riley lowered FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target for the company. in a research report on Wednesday. Wells Fargo & Company reiterated 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, Royal Bank of Canada raised their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a research report on Monday, November 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.25.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company's stock.

FS KKR Capital 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.