Krilogy Financial LLC Sells 5,492 Shares of FS KKR Capital Corp. (NYSE:FSK)

Krilogy Financial LLC trimmed its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 18.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,636 shares of the company’s stock after selling 5,492 shares during the quarter. Krilogy Financial LLC’s holdings in FS KKR Capital were worth $486,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of FS KKR Capital during the first quarter worth $39,000. Benjamin F. Edwards & Company Inc. bought a new position in FS KKR Capital during the 1st quarter worth about $78,000. Provence Wealth Management Group lifted its holdings in shares of FS KKR Capital by 76.6% in the fourth quarter. Provence Wealth Management Group now owns 4,035 shares of the company’s stock valued at $81,000 after purchasing an additional 1,750 shares in the last quarter. Atticus Wealth Management LLC boosted its position in shares of FS KKR Capital by 14.1% during the first quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock worth $87,000 after buying an additional 562 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of FS KKR Capital during the fourth quarter worth about $89,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares in the company, valued at $860,608. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares in the company, valued at $860,608. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction that occurred 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. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Stock Performance

Shares of FSK traded up $0.15 during midday trading on Wednesday, reaching $19.59. The stock had a trading volume of 1,549,452 shares, compared to its average volume of 1,487,039. The firm has a market cap of $5.49 billion, a PE ratio of 8.13 and a beta of 1.26. The firm has a 50 day simple moving average of $19.81 and a 200-day simple moving average of $19.63. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.16.

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

FS KKR Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on FSK. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company reduced 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. Finally, B. Riley reiterated a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital 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.