Capital Management Associates Inc Decreases Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Capital Management Associates Inc lowered its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 40.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,879 shares of the company's stock after selling 28,514 shares during the quarter. Capital Management Associates Inc's holdings in FS KKR Capital were worth $826,000 as of its most recent SEC filing.

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

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares of the company's stock, valued at $860,608. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

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

FS KKR Capital Trading Down 0.5 %

FSK traded down $0.11 during trading hours on Friday, reaching $20.67. 945,987 shares of the company's stock traded hands, compared to its average volume of 1,208,530. The firm has a 50-day moving average price of $20.01 and a 200 day moving average price of $19.87. The firm has a market capitalization of $5.79 billion, a PE ratio of 9.15 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period last year, the company earned $0.78 earnings per share. As a group, sell-side analysts predict that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.70 dividend. This is an increase from FS KKR Capital's previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital's dividend payout ratio is currently 113.27%.

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.