AlphaStar Capital Management LLC Has $407,000 Stock Position in FS KKR Capital Corp. (NYSE:FSK)

AlphaStar Capital Management LLC decreased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,632 shares of the company’s stock after selling 1,331 shares during the quarter. AlphaStar Capital Management LLC’s holdings in FS KKR Capital were worth $407,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC bought a new stake in FS KKR Capital during the 4th quarter valued at $230,000. abrdn plc grew its holdings in shares of FS KKR Capital by 40.9% during the 4th quarter. abrdn plc now owns 109,107 shares of the company’s stock worth $2,179,000 after acquiring an additional 31,665 shares during the period. Atria Wealth Solutions Inc. lifted its position in FS KKR Capital by 2.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 161,783 shares of the company’s stock valued at $3,276,000 after buying an additional 4,082 shares during the period. Unique Wealth Strategies LLC bought a new stake in FS KKR Capital during the fourth quarter worth about $403,000. Finally, Transcend Capital Advisors LLC boosted its position in shares of FS KKR Capital by 50.6% in the 4th quarter. Transcend Capital Advisors LLC now owns 706,036 shares of the company’s stock worth $14,100,000 after purchasing an additional 237,171 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE:FSK traded up $0.09 during midday trading on Tuesday, hitting $20.19. The company’s stock had a trading volume of 367,836 shares, compared to its average volume of 1,475,443. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. The company has a market cap of $5.65 billion, a P/E ratio of 8.42 and a beta of 1.26. The business’s 50 day simple moving average is $19.83 and its 200 day simple moving average is $19.62.

FS KKR Capital (NYSE:FSK) last issued its 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 return on equity of 12.42% and a net margin of 37.06%. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. During the same period last year, the company earned $0.78 EPS. On average, analysts forecast that FS KKR Capital Corp. will post 2.82 EPS for the current year.

FS KKR Capital Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Wells Fargo & Company decreased their target price on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.06.

Insider Buying and Selling

In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at $860,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

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.