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Brookstone Capital Management Sells 18,026 Shares of FS KKR Capital Corp. (NYSE:FSK)

Defense World ·  Sep 21, 2022 09:12

Brookstone Capital Management reduced its position in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 20.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,215 shares of the company's stock after selling 18,026 shares during the quarter. Brookstone Capital Management's holdings in FS KKR Capital were worth $1,464,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Foundations Investment Advisors LLC boosted its position in FS KKR Capital by 36.1% during the second quarter. Foundations Investment Advisors LLC now owns 13,349 shares of the company's stock valued at $274,000 after acquiring an additional 3,538 shares during the last quarter. Fountainhead AM LLC increased its holdings in FS KKR Capital by 1.9% in the first quarter. Fountainhead AM LLC now owns 189,381 shares of the company's stock worth $4,322,000 after purchasing an additional 3,562 shares in the last quarter. OLD National Bancorp IN acquired a new position in FS KKR Capital in the first quarter valued at approximately $230,000. James Reed Financial Services Inc. acquired a new position in FS KKR Capital in the fourth quarter valued at approximately $331,000. Finally, IHT Wealth Management LLC boosted its holdings in shares of FS KKR Capital by 4.8% during the 1st quarter. IHT Wealth Management LLC now owns 91,862 shares of the company's stock worth $2,096,000 after buying an additional 4,196 shares in the last quarter. 35.74% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts have recently weighed in on FSK shares. Compass Point lowered their price objective on shares of FS KKR Capital to $24.00 in a research note on Monday, August 15th. Wells Fargo & Company raised their price target on shares of FS KKR Capital from $19.00 to $20.50 and gave the stock an "equal weight" rating in a report on Wednesday, August 10th.

FS KKR Capital Stock Down 1.8 %

FSK stock opened at $19.90 on Wednesday. The stock's 50 day simple moving average is $21.37 and its 200 day simple moving average is $21.39. The company has a market cap of $5.64 billion, a P/E ratio of 9.39 and a beta of 1.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.49 and a current ratio of 2.49. FS KKR Capital Corp. has a fifty-two week low of $18.08 and a fifty-two week high of $23.44.

FS KKR Capital (NYSE:FSK – Get Rating) last released its quarterly earnings data on Monday, August 8th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. FS KKR Capital had a return on equity of 9.93% and a net margin of 40.23%. The firm had revenue of $379.00 million during the quarter, compared to the consensus estimate of $378.79 million. On average, research analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, September 14th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $2.68 annualized dividend and a yield of 13.47%. FS KKR Capital's payout ratio is 115.09%.

FS KKR Capital Company Profile

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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.

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