Panoramic Investment Advisors LLC Sells 2,741 Shares of FS KKR Capital Corp. (NYSE:FSK)

Panoramic Investment Advisors LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK) by 10.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,309 shares of the company’s stock after selling 2,741 shares during the period. Panoramic Investment Advisors LLC’s holdings in FS KKR Capital were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. UBS Group AG boosted its holdings in FS KKR Capital by 12.2% in the fourth quarter. UBS Group AG now owns 831,771 shares of the company’s stock valued at $16,610,000 after acquiring an additional 90,233 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in FS KKR Capital by 990.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 112,128 shares of the company’s stock valued at $2,239,000 after acquiring an additional 101,845 shares during the last quarter. United Advisor Group LLC bought a new stake in FS KKR Capital in the fourth quarter valued at approximately $2,916,000. GP Brinson Investments LLC boosted its holdings in FS KKR Capital by 78.4% in the fourth quarter. GP Brinson Investments LLC now owns 517,707 shares of the company’s stock valued at $10,339,000 after acquiring an additional 227,573 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in FS KKR Capital by 106.4% in the fourth quarter. Jump Financial LLC now owns 268,800 shares of the company’s stock valued at $5,368,000 after acquiring an additional 138,579 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

FSK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. B. Riley reaffirmed a “buy” rating and set a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Finally, Wells Fargo & Company raised FS KKR Capital from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $21.00 in a research report on Wednesday, May 29th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.28.

Insider Activity at FS KKR Capital

In related news, Director Barbara Adams purchased 3,381 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the transaction, the director now directly owns 22,082 shares in the company, valued at $443,848.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

FS KKR Capital Price Performance

FSK traded up $0.12 during trading on Tuesday, reaching $19.95. 672,737 shares of the company were exchanged, compared to its average volume of 1,542,530. The company’s 50-day moving average is $19.82 and its two-hundred day moving average is $19.74. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 8.26 and a beta of 1.26. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. 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 released its quarterly earnings results on Wednesday, May 8th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The firm had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $429.46 million. Research analysts forecast that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.04%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, June 12th. FS KKR Capital’s dividend payout ratio (DPR) is currently 106.67%.

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.