BOS Asset Management LLC Sells 1,217 Shares of FS KKR Capital Corp. (NYSE:FSK)

BOS Asset Management LLC lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 4.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,496 shares of the company’s stock after selling 1,217 shares during the quarter. BOS Asset Management LLC’s holdings in FS KKR Capital were worth $582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FSK. Virtu Financial LLC acquired a new position in shares of FS KKR Capital during the 4th quarter worth about $395,000. B. Riley Wealth Advisors Inc. increased its position in FS KKR Capital by 15.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 44,969 shares of the company’s stock worth $929,000 after buying an additional 6,185 shares during the last quarter. PNC Financial Services Group Inc. increased its position in FS KKR Capital by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,008 shares of the company’s stock worth $459,000 after buying an additional 2,858 shares during the last quarter. Mather Group LLC. bought a new stake in FS KKR Capital in the first quarter valued at approximately $39,000. Finally, AdvisorNet Financial Inc lifted its position in shares of FS KKR Capital by 89.6% in the first quarter. AdvisorNet Financial Inc now owns 45,984 shares of the company’s stock valued at $877,000 after buying an additional 21,729 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $20.45 on Thursday. 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 firm has a market cap of $5.73 billion, a price-to-earnings ratio of 8.52 and a beta of 1.25. The stock’s fifty day moving average price is $19.83 and its two-hundred day moving average price is $19.79. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99.

FS KKR Capital (NYSE:FSK) last released 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 business 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 in the prior year, the company posted $0.78 earnings per share. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FSK shares. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company dropped their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.06.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased 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. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, 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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

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.