Main Street Group LTD Has $161,000 Position in FS KKR Capital Corp. (NYSE:FSK)

Main Street Group LTD cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 29.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,149 shares of the company’s stock after selling 3,365 shares during the quarter. Main Street Group LTD’s holdings in FS KKR Capital were worth $161,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of FS KKR Capital during the fourth quarter worth approximately $213,000. Calton & Associates Inc. increased its stake in shares of FS KKR Capital by 20.3% in the 4th quarter. Calton & Associates Inc. now owns 26,893 shares of the company’s stock valued at $537,000 after buying an additional 4,541 shares during the period. Jump Financial LLC raised its position 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 worth $5,368,000 after acquiring an additional 138,579 shares during the last quarter. AlphaStar Capital Management LLC lifted its stake in shares of FS KKR Capital by 3.3% during the fourth quarter. AlphaStar Capital Management LLC now owns 22,447 shares of the company’s stock valued at $448,000 after acquiring an additional 712 shares during the period. Finally, Legacy Capital Group California Inc. boosted its holdings in FS KKR Capital by 0.3% in the fourth quarter. Legacy Capital Group California Inc. now owns 175,997 shares of the company’s stock valued at $3,515,000 after acquiring an additional 512 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. 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 note on Friday, May 10th. Finally, Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average target price of $20.06.

Insiders Place Their Bets

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital 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 completion of the purchase, 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 Trading Down 1.1 %

Shares of FS KKR Capital stock traded down $0.22 during trading hours on Friday, hitting $20.01. The company’s stock had a trading volume of 1,321,387 shares, compared to its average volume of 1,461,089. The company has a market capitalization of $5.60 billion, a PE ratio of 8.34 and a beta of 1.26. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a 50 day moving average of $19.94 and a 200 day moving average of $19.63. 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 announced its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. During the same period last year, the company posted $0.78 EPS. Analysts predict that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Dividend Announcement

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

FS KKR Capital 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.