Sigma Planning Corp Has $3.74 Million Stock Position in FS KKR Capital Corp. $FSK

Sigma Planning Corp increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 45.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 180,379 shares of the company’s stock after acquiring an additional 56,465 shares during the period. Sigma Planning Corp’s holdings in FS KKR Capital were worth $3,743,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. CCLA Investment Management acquired a new stake in FS KKR Capital in the second quarter valued at approximately $33,463,000. SCS Capital Management LLC acquired a new stake in FS KKR Capital in the first quarter valued at approximately $10,822,000. Generali Asset Management SPA SGR grew its stake in FS KKR Capital by 21.7% in the second quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock valued at $51,569,000 after acquiring an additional 442,374 shares during the period. Wellington Management Group LLP acquired a new stake in FS KKR Capital in the first quarter valued at approximately $9,218,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in FS KKR Capital in the first quarter valued at approximately $8,342,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the subject of a number of research reports. Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.75.

FS KKR Capital Stock Performance

FSK stock opened at $15.08 on Tuesday. FS KKR Capital Corp. has a twelve month low of $14.05 and a twelve month high of $24.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. The stock’s 50 day moving average is $15.95 and its 200-day moving average is $18.88.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The company had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same quarter in the prior year, the business earned $0.75 EPS. On average, research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 17.0%. The ex-dividend date is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio (DPR) is 328.21%.

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.