FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC lessened its position in FS KKR Capital Corp. (NYSE:FSK) by 13.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 50,173 shares of the company’s stock after selling 7,850 shares during the period. Adamsbrown Wealth Consultants LLC’s holdings in FS KKR Capital were worth $990,000 at the end of the most recent reporting period.

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

FS KKR Capital Stock Down 0.5 %

Shares of NYSE FSK traded down $0.10 during trading on Monday, reaching $20.07. 83,341 shares of the stock were exchanged, compared to its average volume of 1,432,543. The business’s 50-day moving average price is $19.75 and its 200 day moving average price is $19.77. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 8.40 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 35.46% and a return on equity of 12.39%. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts forecast 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 represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is 106.67%.

Insider Buying and Selling

In related news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now owns 44,800 shares in the company, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Six equities research 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.06.

About FS KKR Capital

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.