FS KKR Capital Corp. $FSK Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 16.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,616,199 shares of the company’s stock after selling 312,627 shares during the period. Commonwealth Equity Services LLC’s holdings in FS KKR Capital were worth $17,762,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GraniteShares Advisors LLC grew its stake in FS KKR Capital by 39.7% in the third quarter. GraniteShares Advisors LLC now owns 264,098 shares of the company’s stock worth $2,902,000 after purchasing an additional 75,031 shares in the last quarter. Soltis Investment Advisors LLC increased its holdings in FS KKR Capital by 5.5% in the third quarter. Soltis Investment Advisors LLC now owns 41,186 shares of the company’s stock valued at $453,000 after buying an additional 2,154 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in FS KKR Capital by 8.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 255,705 shares of the company’s stock valued at $2,810,000 after buying an additional 20,781 shares during the last quarter. Generali Asset Management SPA SGR increased its holdings in FS KKR Capital by 0.7% in the third quarter. Generali Asset Management SPA SGR now owns 2,546,341 shares of the company’s stock valued at $27,984,000 after buying an additional 17,116 shares during the last quarter. Finally, Roman Butler Fullerton & Co. acquired a new stake in FS KKR Capital during the third quarter valued at approximately $204,000. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 target price (up from $11.00) on shares of FS KKR Capital in a report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on FS KKR Capital from $11.00 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, November 6th. Wells Fargo & Company downgraded FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 price target for the company. in a report on Tuesday, September 29th. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, FS KKR Capital has a consensus rating of “Reduce” and a consensus target price of $11.50.

FS KKR Capital Trading Up 1.1%

NYSE FSK opened at $11.97 on Wednesday. FS KKR Capital Corp. has a one year low of $9.72 and a one year high of $16.31. The company has a 50-day simple moving average of $11.23 and a 200-day simple moving average of $11.27. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $3.26 billion, a PE ratio of 6.51 and a beta of 0.88.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $274.61 million. FS KKR Capital had a negative net margin of 41.75% and a positive return on equity of 9.59%. During the same quarter in the prior year, the firm earned $0.57 EPS. On average, equities analysts forecast that FS KKR Capital Corp. will post 1.69 earnings per share for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. FS KKR Capital’s dividend payout ratio (DPR) is currently -95.14%.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company that provides financing to privately held middle-market businesses, primarily in the United States. Its investments include senior secured and subordinated loans, as well as equity and other interests in portfolio companies. The company is externally managed by FS/KKR Advisor, LLC, an investment adviser formed by FS Investments and KKR. FS KKR Capital was created in 2018 through the merger of FS Investment Corporation and Corporate Capital Trust.