RFG Advisory LLC Has $2.18 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

RFG Advisory LLC lowered its holdings in FS KKR Capital Corp. (NYSE:FSK) by 5.9% during the second quarter, Holdings Channel.com reports. The firm owned 110,557 shares of the company’s stock after selling 6,962 shares during the period. RFG Advisory LLC’s holdings in FS KKR Capital were worth $2,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Group AG boosted its stake in FS KKR Capital by 12.2% in the fourth quarter. UBS Group AG now owns 831,771 shares of the company’s stock worth $16,610,000 after purchasing an additional 90,233 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in FS KKR Capital by 30.0% in the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock worth $1,237,000 after purchasing an additional 14,977 shares in the last quarter. United Advisor Group LLC acquired a new position in FS KKR Capital in the fourth quarter worth $2,916,000. Jump Financial LLC lifted its stake in shares of FS KKR Capital by 106.4% during the fourth quarter. Jump Financial LLC now owns 268,800 shares of the company’s stock valued at $5,368,000 after acquiring an additional 138,579 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of FS KKR Capital by 9.9% during the fourth quarter. Private Advisor Group LLC now owns 540,221 shares of the company’s stock valued at $10,790,000 after acquiring an additional 48,546 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.06.

Insider Activity

In other news, Director Barbara Adams acquired 3,381 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average price of $20.10 per share, with a total value of $67,958.10. Following the acquisition, the director now directly owns 22,082 shares in the company, valued at approximately $443,848.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Barbara Adams acquired 3,381 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average price of $20.10 per share, with a total value of $67,958.10. Following the acquisition, the director now directly owns 22,082 shares in the company, valued at approximately $443,848.20. The acquisition 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 shares were purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the acquisition, the insider now owns 44,800 shares in the company, valued at $860,608. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 8,851 shares of company stock worth $173,737. Insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

Shares of NYSE FSK traded up $0.10 during trading hours on Monday, reaching $19.26. 944,066 shares of the stock were exchanged, compared to its average volume of 1,497,802. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 8.03 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The stock’s fifty day simple moving average is $19.97 and its 200 day simple moving average is $19.68.

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

FS KKR Capital Announces Dividend

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

About FS KKR Capital

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.