River Road Asset Management LLC Sells 1,430,489 Shares of FS KKR Capital Corp. (NYSE:FSK)

River Road Asset Management LLC trimmed its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 85.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,577 shares of the company's stock after selling 1,430,489 shares during the quarter. River Road Asset Management LLC owned approximately 0.09% of FS KKR Capital worth $4,924,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FSK. Hanlon Investment Management Inc. bought a new stake in FS KKR Capital during the third quarter valued at $271,000. Clarity Financial LLC purchased a new stake in shares of FS KKR Capital in the 3rd quarter valued at about $396,000. United Advisor Group LLC boosted its position in shares of FS KKR Capital by 0.5% during the 3rd quarter. United Advisor Group LLC now owns 260,195 shares of the company's stock valued at $5,134,000 after acquiring an additional 1,257 shares during the last quarter. Clarity Capital Partners LLC grew its holdings in shares of FS KKR Capital by 37.5% during the third quarter. Clarity Capital Partners LLC now owns 14,670 shares of the company's stock worth $289,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Roman Butler Fullerton & Co. increased its position in shares of FS KKR Capital by 96.7% in the third quarter. Roman Butler Fullerton & Co. now owns 22,308 shares of the company's stock worth $452,000 after purchasing an additional 10,965 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought 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. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price 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 $860,608. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael C. Forman sold 195,139 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company's stock.

FS KKR Capital Trading Up 2.6 %

Shares of NYSE:FSK traded up $0.53 on Wednesday, reaching $20.82. 1,570,802 shares of the company traded hands, compared to its average volume of 1,411,780. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The business's 50-day simple moving average is $20.07 and its 200 day simple moving average is $19.93. The stock has a market capitalization of $5.83 billion, a P/E ratio of 9.06 and a beta of 1.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. During the same quarter in the previous year, the business earned $0.78 EPS. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.86 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 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 presently 113.27%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, FS KKR Capital presently has an average rating of "Hold" and a consensus price target of $19.94.

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.