Sage Advisors LLC Trims Stock Position in FS KKR Capital Corp. $FSK

Sage Advisors LLC trimmed its position in FS KKR Capital Corp. (NYSE:FSK) by 48.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,967 shares of the company’s stock after selling 114,871 shares during the quarter. FS KKR Capital comprises 1.2% of Sage Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Sage Advisors LLC’s holdings in FS KKR Capital were worth $1,777,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Beacon Capital Management Inc. purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at approximately $26,000. Eastern Bank grew its position in FS KKR Capital by 355.6% in the third quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 1,561 shares during the period. Strategic Advocates LLC purchased a new position in FS KKR Capital in the third quarter worth approximately $38,000. Rothschild Investment LLC increased its stake in FS KKR Capital by 59.9% during the third quarter. Rothschild Investment LLC now owns 3,194 shares of the company’s stock worth $48,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in FS KKR Capital during the fourth quarter worth $113,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FSK. Wells Fargo & Company decreased their price target on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a research report on Monday, March 2nd. Weiss Ratings lowered shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. decreased their target price on shares of FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Finally, Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, FS KKR Capital has a consensus rating of “Reduce” and an average target price of $13.36.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Friday, February 27th. The shares were acquired at an average price of $11.25 per share, with a total value of $56,250.00. Following the completion of the transaction, the insider owned 64,800 shares of the company’s stock, valued at $729,000. This trade represents a 8.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

FS KKR Capital Trading Down 2.4%

FSK opened at $10.17 on Friday. FS KKR Capital Corp. has a 52 week low of $9.72 and a 52 week high of $22.68. The business has a fifty day simple moving average of $12.31 and a 200-day simple moving average of $14.26. The firm has a market cap of $2.85 billion, a P/E ratio of 338.87 and a beta of 0.86. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. The firm had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, equities analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s dividend payout ratio is 6,000.00%.

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.