River Road Asset Management LLC Reduces Stake in FS KKR Capital Corp. (NYSE:FSK)

River Road Asset Management LLC decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 85.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 249,577 shares of the company’s stock after selling 1,430,489 shares during the period. River Road Asset Management LLC owned 0.09% of FS KKR Capital worth $4,924,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FSK. Wells Fargo & Company lowered their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.94.

Insider Buying and Selling

In related news, CEO Michael C. Forman sold 195,139 shares of the firm’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 transaction of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael C. Forman sold 195,139 shares of the firm’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 transaction of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Pietrzak purchased 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, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares in the company, valued at $860,608. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $20.29 on Wednesday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $5.68 billion, a PE ratio of 8.98 and a beta of 1.25. The business’s 50-day moving average price is $20.07 and its 200-day moving average price is $19.93. 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 quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates 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. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently declared 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 represents a yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is presently 113.27%.

About FS KKR Capital

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.