Sigma Planning Corp Sells 75,350 Shares of FS KKR Capital Corp. $FSK

Sigma Planning Corp cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 40.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,771 shares of the company’s stock after selling 75,350 shares during the quarter. Sigma Planning Corp’s holdings in FS KKR Capital were worth $1,128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of FS KKR Capital in the 4th quarter valued at $26,000. Jessup Wealth Management Inc bought a new position in FS KKR Capital during the fourth quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital in the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in FS KKR Capital in the fourth quarter worth $31,000. Finally, Basepoint Wealth LLC bought a new stake in FS KKR Capital in the fourth quarter valued at $31,000. 36.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSK. Royal Bank Of Canada reiterated a “sector perform” rating and set a $11.00 price objective on shares of FS KKR Capital in a report on Tuesday, May 12th. Zacks Research lowered FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Wells Fargo & Company dropped their price target on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a research note on Tuesday, June 2nd. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $10.58.

FS KKR Capital Trading Down 1.7%

NYSE:FSK opened at $10.92 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -5.54 and a beta of 0.82. FS KKR Capital Corp. has a 52 week low of $9.72 and a 52 week high of $22.68. The firm has a 50-day moving average price of $10.69 and a two-hundred day moving average price of $11.64.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Monday, May 11th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The business had revenue of $304.00 million during the quarter, compared to analysts’ expectations of $316.81 million. FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.FS KKR Capital’s quarterly revenue was down 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, equities analysts expect that FS KKR Capital Corp. will post 1.64 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.68 annualized dividend and a yield of 15.4%. FS KKR Capital’s payout ratio is currently -85.28%.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.