FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC cut its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,921 shares of the company’s stock after selling 1,463 shares during the period. Western Wealth Management LLC’s holdings in FS KKR Capital were worth $748,000 at the end of the most recent reporting period.

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

FS KKR Capital Stock Performance

Shares of FSK opened at $19.71 on Tuesday. The stock has a market capitalization of $5.52 billion, a PE ratio of 8.21 and a beta of 1.26. The business’s fifty day moving average price is $19.83 and its 200 day moving average price is $19.63. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99.

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

FS KKR Capital Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on FSK. B. Riley reissued a “buy” rating and issued a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Wells Fargo & Company reduced their target price on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.06.

Insider Activity

In related news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price 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 disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Company 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.