Cwm LLC Sells 8,500 Shares of FS KKR Capital Corp. (NYSE:FSK)

Cwm LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 201,469 shares of the company’s stock after selling 8,500 shares during the period. Cwm LLC’s holdings in FS KKR Capital were worth $3,975,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in FS KKR Capital by 26.9% during the first quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock worth $125,935,000 after buying an additional 1,398,998 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in FS KKR Capital by 3.4% in the first quarter. Commonwealth Equity Services LLC now owns 4,331,784 shares of the company’s stock valued at $82,607,000 after purchasing an additional 141,625 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in FS KKR Capital by 1.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,143,793 shares of the company’s stock valued at $40,882,000 after purchasing an additional 34,416 shares during the last quarter. LSV Asset Management lifted its position in FS KKR Capital by 3.2% during the first quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock valued at $37,500,000 after purchasing an additional 60,700 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in FS KKR Capital by 21.0% in the 1st quarter. Kestra Advisory Services LLC now owns 1,218,960 shares of the company’s stock worth $23,411,000 after buying an additional 211,961 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FSK. Keefe, Bruyette & Woods cut their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, B. Riley restated a “buy” rating and issued a $21.00 target price (up previously from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.39.

Insider Activity at FS KKR Capital

In other news, Director Barbara Adams purchased 3,381 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were acquired at an average price of $20.10 per share, with a total value of $67,958.10. Following the acquisition, the director now directly owns 22,082 shares in the company, valued at $443,848.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Trading Down 0.7 %

Shares of NYSE FSK traded down $0.13 during midday trading on Wednesday, reaching $19.08. The company had a trading volume of 1,846,735 shares, compared to its average volume of 1,499,035. The stock has a market cap of $5.34 billion, a PE ratio of 7.95 and a beta of 1.26. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The firm’s fifty day moving average price is $20.02 and its 200-day moving average price is $19.71. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.82 earnings per share for the current year.

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.