Raymond James Financial Services Advisors Inc. decreased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 50.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 124,946 shares of the company’s stock after selling 128,464 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in FS KKR Capital were worth $2,754,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Kohlberg Kravis Roberts & Co. L.P. lifted its holdings in shares of FS KKR Capital by 141.8% during the 2nd quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 11,851,326 shares of the company’s stock valued at $254,922,000 after acquiring an additional 6,949,129 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in FS KKR Capital by 192.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,577,528 shares of the company’s stock worth $119,972,000 after buying an additional 3,670,988 shares in the last quarter. Beach Point Capital Management LP lifted its holdings in FS KKR Capital by 13.8% in the 3rd quarter. Beach Point Capital Management LP now owns 4,465,811 shares of the company’s stock worth $98,426,000 after buying an additional 542,655 shares in the last quarter. LPL Financial LLC lifted its holdings in FS KKR Capital by 125.5% in the 2nd quarter. LPL Financial LLC now owns 2,904,758 shares of the company’s stock worth $62,481,000 after buying an additional 1,616,531 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in FS KKR Capital by 152.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,313,235 shares of the company’s stock worth $49,758,000 after buying an additional 1,397,664 shares in the last quarter. Institutional investors and hedge funds own 29.98% of the company’s stock.
In related news, Director Richard I. Goldstein purchased 1,500 shares of FS KKR Capital stock in a transaction dated Wednesday, December 1st. The stock was bought at an average cost of $21.35 per share, with a total value of $32,025.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Todd C. Builione purchased 5,000 shares of FS KKR Capital stock in a transaction dated Tuesday, November 23rd. The stock was bought at an average cost of $21.30 per share, with a total value of $106,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 6,950 shares of company stock valued at $148,250. Company insiders own 0.18% of the company’s stock.
A number of brokerages have recently issued reports on FSK. TheStreet lowered shares of FS KKR Capital from a “b-” rating to a “c+” rating in a research note on Thursday, November 18th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set an “underweight” rating for the company in a research report on Monday, October 25th. Finally, Zacks Investment Research downgraded shares of FS KKR Capital from a “buy” rating to a “hold” rating in a research report on Friday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.25.
NYSE FSK opened at $21.51 on Friday. FS KKR Capital Corp. has a 52 week low of $16.52 and a 52 week high of $23.44. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.10. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 2.27 and a beta of 1.53. The company has a 50-day moving average price of $21.16 and a two-hundred day moving average price of $21.81.
FS KKR Capital (NYSE:FSK) last posted its earnings results on Sunday, November 7th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. FS KKR Capital had a net margin of 167.84% and a return on equity of 8.47%. The firm had revenue of $360.00 million during the quarter, compared to analysts’ expectations of $335.72 million. During the same quarter in the prior year, the firm earned $0.63 EPS. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 4th. Stockholders of record on Wednesday, December 15th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date of this dividend was Tuesday, December 14th. FS KKR Capital’s dividend payout ratio is currently 26.19%.
FS KKR Capital Company Profile
FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation.
Want to see what other hedge funds are holding FSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS KKR Capital Corp. (NYSE:FSK).
Want More Great Investing Ideas?