Diversify Wealth Management LLC Sells 5,183 Shares of FS KKR Capital Corp. (NYSE:FSK)

Diversify Wealth Management LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,557 shares of the company’s stock after selling 5,183 shares during the period. Diversify Wealth Management LLC’s holdings in FS KKR Capital were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its stake in shares of FS KKR Capital by 30.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock worth $1,237,000 after buying an additional 14,977 shares during the last quarter. Cetera Advisors LLC grew its position in shares of FS KKR Capital by 39.3% in the first quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock valued at $8,231,000 after purchasing an additional 121,754 shares during the last quarter. Waverly Advisors LLC bought a new position in shares of FS KKR Capital during the first quarter worth approximately $2,473,000. LSV Asset Management boosted its stake in FS KKR Capital by 3.2% in the 1st quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock valued at $37,500,000 after purchasing an additional 60,700 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in FS KKR Capital by 30.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock valued at $2,422,000 after buying an additional 28,889 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Price Performance

NYSE:FSK traded down $0.01 during mid-day trading on Wednesday, reaching $20.34. The stock had a trading volume of 438,293 shares, compared to its average volume of 1,414,344. The stock has a 50-day simple moving average of $20.04 and a two-hundred day simple moving average of $19.89. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $20.99. The stock has a market capitalization of $5.70 billion, a PE ratio of 8.48 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period in the prior year, the company earned $0.78 EPS. On average, equities analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.70 dividend. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio is presently 106.67%.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred 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 completion of the purchase, the insider now directly owns 44,800 shares in the company, valued at $860,608. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was 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. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FSK shares. Wells Fargo & Company reduced their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and a consensus price target of $19.94.

FS KKR Capital Company 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.