FS KKR Capital Corp. (NYSE:FSK) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lowered its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 92.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,242 shares of the company’s stock after selling 304,803 shares during the period. WealthPLAN Partners LLC’s holdings in FS KKR Capital were worth $518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of FS KKR Capital by 26.9% during the first quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock worth $125,935,000 after acquiring an additional 1,398,998 shares during the last quarter. Cetera Investment Advisers grew its position in FS KKR Capital by 368.3% during the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after purchasing an additional 697,453 shares during the last quarter. MGO One Seven LLC increased its stake in FS KKR Capital by 2,065.4% in the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after purchasing an additional 573,086 shares during the period. Maia Wealth LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at about $10,560,000. Finally, 1832 Asset Management L.P. boosted its stake in shares of FS KKR Capital by 529.7% during the first quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock worth $11,635,000 after buying an additional 513,239 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FS KKR Capital

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

Analyst Ratings Changes

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

FS KKR Capital Stock Down 1.1 %

FS KKR Capital stock opened at $19.57 on Wednesday. The stock’s 50 day moving average price is $19.89 and its 200 day moving average price is $19.64. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99. The company has a market cap of $5.48 billion, a PE ratio of 8.15 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.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. During the same quarter last year, the company earned $0.78 earnings per share. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a yield of 13.33%. FS KKR Capital’s payout ratio is currently 106.67%.

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.