Wealthstar Advisors LLC Sells 614 Shares of FS KKR Capital Corp. (NYSE:FSK)

Wealthstar Advisors LLC lessened its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.7% during the 1st quarter, Holdings Channel reports. The fund owned 84,965 shares of the company’s stock after selling 614 shares during the period. FS KKR Capital comprises approximately 0.6% of Wealthstar Advisors LLC’s holdings, making the stock its 24th largest position. Wealthstar Advisors LLC’s holdings in FS KKR Capital were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FSK. International Assets Investment Management LLC boosted its position in shares of FS KKR Capital by 951.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after purchasing an additional 3,423,145 shares in the last quarter. MGO One Seven LLC boosted its position in shares of FS KKR Capital by 2,065.4% in the 4th quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock worth $11,999,000 after purchasing an additional 573,086 shares in the last quarter. Edge Capital Group LLC acquired a new stake in shares of FS KKR Capital in the 4th quarter worth $9,982,000. Van ECK Associates Corp boosted its position in shares of FS KKR Capital by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock worth $103,941,000 after purchasing an additional 494,184 shares in the last quarter. Finally, Tudor Investment Corp Et Al boosted its position in shares of FS KKR Capital by 206.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 485,553 shares of the company’s stock worth $9,561,000 after purchasing an additional 327,060 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of NYSE FSK traded up $0.18 during trading on Thursday, reaching $20.15. 2,314,478 shares of the company traded hands, compared to its average volume of 1,280,640. The firm’s fifty day simple moving average is $19.85 and its 200 day simple moving average is $19.75. The stock has a market cap of $5.64 billion, a P/E ratio of 8.39 and a beta of 1.26. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $434.00 million during the quarter, compared to analyst estimates of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.90%. The ex-dividend date was Wednesday, June 12th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s payout ratio is currently 106.67%.

Insider Activity at FS KKR Capital

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on FSK. Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target 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. Wells Fargo & Company raised FS KKR Capital from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $21.00 in a research report on Wednesday, May 29th. Finally, B. Riley reaffirmed a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.28.

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.