Sigma Planning Corp Purchases 134,416 Shares of FS KKR Capital Corp. $FSK

Sigma Planning Corp boosted its position in FS KKR Capital Corp. (NYSE:FSK) by 107.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 258,954 shares of the company’s stock after acquiring an additional 134,416 shares during the period. Sigma Planning Corp owned about 0.09% of FS KKR Capital worth $2,846,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Triumph Capital Management lifted its stake in shares of FS KKR Capital by 98.1% during the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock worth $27,000 after purchasing an additional 1,275 shares during the period. Harborfront Financial Group LLC acquired a new stake in shares of FS KKR Capital during the second quarter worth $30,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of FS KKR Capital in the second quarter valued at $53,000. Fifth Third Bancorp purchased a new stake in shares of FS KKR Capital in the first quarter valued at $65,000. Finally, Continuum Advisory LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at $76,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on FSK. Wells Fargo & Company lowered FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 target price for the company. in a research note on Tuesday, September 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a research note on Friday, August 28th. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price objective (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday, August 12th. Finally, Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Six research 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 stock presently has an average rating of “Reduce” and an average price target of $11.43.

FS KKR Capital Trading Up 2.5%

Shares of FSK opened at $10.65 on Wednesday. FS KKR Capital Corp. has a fifty-two week low of $9.72 and a fifty-two week high of $16.31. The company’s fifty day moving average is $11.37 and its two-hundred day moving average is $11.42.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $290.00 million for the quarter, compared to analyst estimates of $286.75 million. During the same quarter in the previous year, the company earned ($0.75) earnings per share. As a group, equities analysts forecast that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, December 24th. Investors of record on Wednesday, December 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, December 16th. This represents a yield of 1,633.0%.

FS KKR Capital Company Profile

FS KKR Capital Corp. (NYSE: FSK) is a business development company (BDC) that provides financing to private middle-market companies. The company primarily invests in senior secured loans and other debt instruments, while also making select equity investments. Its portfolio companies generally operate across a range of industries and are typically based in the United States.

FSK is externally managed by FS/KKR Advisor, LLC, a joint venture between FS Investments and KKR. The adviser combines FS Investments’ experience in serving individual and institutional investors with KKR’s global investment platform and private credit capabilities.

The company traces its history to FS Investment Corporation and Corporate Capital Trust, which combined in 2018 to create FS KKR Capital Corp.