Brinker Capital Investments LLC reduced its stake in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,586 shares of the company's stock after selling 1,417 shares during the period. Brinker Capital Investments LLC's holdings in FS KKR Capital were worth $417,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Cetera Advisors LLC boosted its holdings in FS KKR Capital by 17.0% in the second quarter. Cetera Advisors LLC now owns 386,030 shares of the company's stock worth $7,497,000 after purchasing an additional 55,967 shares during the last quarter. Private Trust Co. NA bought a new position in FS KKR Capital in the second quarter worth approximately $493,000. Wedbush Securities Inc. raised its position in FS KKR Capital by 11.3% in the second quarter. Wedbush Securities Inc. now owns 31,341 shares of the company's stock worth $609,000 after acquiring an additional 3,183 shares during the period. Prospera Financial Services Inc raised its position in FS KKR Capital by 6.7% in the third quarter. Prospera Financial Services Inc now owns 273,222 shares of the company's stock worth $4,631,000 after acquiring an additional 17,141 shares during the period. Finally, Carmel Capital Partners LLC raised its position in FS KKR Capital by 17.8% in the third quarter. Carmel Capital Partners LLC now owns 18,135 shares of the company's stock worth $307,000 after acquiring an additional 2,734 shares during the period. 41.43% of the stock is owned by institutional investors.
Get FS KKR Capital alerts:Insiders Place Their Bets
In other FS KKR Capital news, insider Daniel Pietrzak acquired 6,000 shares of the company's stock in a transaction on Wednesday, November 9th. The stock was acquired at an average cost of $18.76 per share, with a total value of $112,560.00. Following the purchase, the insider now directly owns 27,500 shares of the company's stock, valued at approximately $515,900. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.
FS KKR Capital Stock Down 0.2 %
Shares of FSK stock opened at $19.30 on Wednesday. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 26.81 and a beta of 1.37. FS KKR Capital Corp. has a one year low of $16.70 and a one year high of $23.44. The company's fifty day moving average price is $18.58 and its 200-day moving average price is $19.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.11 and a quick ratio of 2.11.FS KKR Capital (NYSE:FSK – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.73 EPS for the quarter, hitting analysts' consensus estimates of $0.73. FS KKR Capital had a net margin of 13.29% and a return on equity of 10.47%. The business had revenue of $411.00 million during the quarter, compared to analysts' expectations of $407.90 million. Sell-side analysts expect that FS KKR Capital Corp. will post 2.87 EPS for the current fiscal year.
FS KKR Capital Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were paid a $0.68 dividend. This is a boost from FS KKR Capital's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 14.09%. The ex-dividend date was Tuesday, December 13th. FS KKR Capital's dividend payout ratio (DPR) is presently 338.89%.
Analyst Upgrades and Downgrades
FSK has been the topic of several recent research reports. Hovde Group decreased their price target on shares of FS KKR Capital to $21.00 in a research report on Wednesday, October 5th. Royal Bank of Canada decreased their price objective on shares of FS KKR Capital from $23.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 10th. Finally, Wells Fargo & Company raised their price objective on shares of FS KKR Capital from $18.00 to $18.50 and gave the company an "equal weight" rating in a research report on Wednesday, November 9th.
FS KKR Capital Company Profile
(Get Rating)
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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