FS KKR Capital Corp. (NYSE:FSK) Shares Sold by EMC Capital Management

EMC Capital Management decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 48.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,080 shares of the company’s stock after selling 6,724 shares during the quarter. EMC Capital Management’s holdings in FS KKR Capital were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Summit Securities Group LLC purchased a new stake in FS KKR Capital during the second quarter worth $30,000. Ridgewood Investments LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at about $37,000. Rothschild Investment LLC purchased a new position in FS KKR Capital during the 2nd quarter valued at about $39,000. Financial Gravity Asset Management Inc. raised its position in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after acquiring an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at about $50,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost 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. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Michael C. Forman sold 195,139 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Pietrzak bought 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 acquisition, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Price Performance

FSK stock opened at $20.15 on Friday. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 8.91 and a beta of 1.25. The stock’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $19.91. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.78 EPS. Equities research analysts expect that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 113.27%.

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.