FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 132,296 shares of the company’s stock after selling 5,884 shares during the quarter. Kovack Advisors Inc.’s holdings in FS KKR Capital were worth $2,610,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in FS KKR Capital in the second quarter worth approximately $19,544,000. Cetera Investment Advisers lifted its position in shares of FS KKR Capital by 368.3% during the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock valued at $16,911,000 after acquiring an additional 697,453 shares during the last quarter. Maia Wealth LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter worth $10,560,000. Finally, 1832 Asset Management L.P. boosted its position in shares of FS KKR Capital by 529.7% in the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after purchasing an additional 513,239 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Buying and Selling

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 value of $3,816,918.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Stock Up 0.7 %

Shares of FSK traded up $0.15 during midday trading on Wednesday, reaching $21.16. 140,546 shares of the stock were exchanged, compared to its average volume of 1,410,559. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 11.17 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.24. The firm has a 50 day simple moving average of $20.13 and a 200-day simple moving average of $19.98.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter last year, the firm earned $0.80 earnings per share. Research analysts forecast that FS KKR Capital Corp. will post 2.88 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 paid a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is presently 136.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.94.

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.