Legacy Capital Group California Inc. Has $3.33 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Legacy Capital Group California Inc. trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,934 shares of the company’s stock after selling 4,173 shares during the quarter. FS KKR Capital makes up 1.2% of Legacy Capital Group California Inc.’s investment portfolio, making the stock its 10th largest position. Legacy Capital Group California Inc. owned approximately 0.06% of FS KKR Capital worth $3,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FSK. Van ECK Associates Corp raised its stake in shares of 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 valued at $125,935,000 after acquiring an additional 1,398,998 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of FS KKR Capital by 3.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,331,784 shares of the company’s stock worth $82,607,000 after buying an additional 141,625 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 buying an additional 34,416 shares during the period. LSV Asset Management raised its holdings in shares of 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 acquiring an additional 60,700 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in FS KKR Capital by 21.0% in the first quarter. Kestra Advisory Services LLC now owns 1,218,960 shares of the company’s stock worth $23,411,000 after acquiring an additional 211,961 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Down 1.2 %

FSK stock traded down $0.25 on Tuesday, reaching $19.46. 1,243,575 shares of the company traded hands, compared to its average volume of 1,486,649. The firm has a fifty day simple moving average of $19.81 and a 200-day simple moving average of $19.63. The company has a market cap of $5.45 billion, a P/E ratio of 8.11 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 company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. During the same period last year, the business earned $0.78 EPS. Research analysts anticipate that FS KKR Capital Corp. will post 2.82 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.70 per share. This represents a dividend yield of 14.6%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s payout ratio is currently 106.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FSK. Royal Bank of Canada reissued 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 reduced their price target on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, B. Riley restated a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. 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.com, the company currently has a consensus rating of “Hold” and an average price target of $20.06.

Insider Activity

In related news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the acquisition, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value 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 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.