Creekmur Asset Management LLC Lowers Position in FS KKR Capital Corp. (NYSE:FSK)

Creekmur Asset Management LLC lowered its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 58.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,975 shares of the company’s stock after selling 29,788 shares during the period. Creekmur Asset Management LLC’s holdings in FS KKR Capital were worth $400,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in FS KKR Capital by 951.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after acquiring an additional 3,423,145 shares during the period. Van ECK Associates Corp boosted its stake in shares of FS KKR Capital by 26.9% in the first quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock valued at $125,935,000 after purchasing an additional 1,398,998 shares during the period. MGO One Seven LLC grew its holdings in FS KKR Capital by 2,065.4% during the 4th quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after purchasing an additional 573,086 shares in the last quarter. 1832 Asset Management L.P. increased its stake in FS KKR Capital by 529.7% during the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock worth $11,635,000 after buying an additional 513,239 shares during the period. Finally, Edge Capital Group LLC acquired a new position in FS KKR Capital in the 4th quarter worth $9,982,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock traded down $0.15 during trading hours on Wednesday, reaching $20.26. The company’s stock had a trading volume of 998,225 shares, compared to its average volume of 1,480,762. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The company’s 50 day simple moving average is $20.09 and its 200 day simple moving average is $19.75. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. The stock has a market cap of $5.67 billion, a P/E ratio of 8.44 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $434.00 million during the quarter, compared to analyst estimates of $429.46 million. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. As a group, analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date was Wednesday, June 12th. This represents a $2.80 annualized dividend and a yield of 13.82%. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

Insiders Place Their Bets

In other news, Director Barbara Adams bought 3,381 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were purchased at an average price of $20.10 per share, with a total value of $67,958.10. Following the completion of the acquisition, the director now directly owns 22,082 shares in the company, valued at $443,848.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods dropped their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company upped their target price on FS KKR Capital from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, B. Riley reissued a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Seven 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, the company presently has an average rating of “Hold” and an average price target of $20.39.

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.