Private Advisor Group LLC Has $9.10 Million Stock Holdings in FS KKR Capital Corp. $FSK

Private Advisor Group LLC trimmed its holdings in FS KKR Capital Corp. (NYSE:FSK) by 17.9% during the third quarter, Holdings Channel reports. The institutional investor owned 609,280 shares of the company’s stock after selling 132,591 shares during the quarter. Private Advisor Group LLC’s holdings in FS KKR Capital were worth $9,097,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FSK. Atlantic Union Bankshares Corp acquired a new stake in shares of FS KKR Capital in the 2nd quarter worth about $26,000. Beacon Capital Management Inc. acquired a new position in FS KKR Capital during the 2nd quarter valued at about $26,000. Eastern Bank increased its holdings in FS KKR Capital by 355.6% during the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 1,561 shares in the last quarter. Rothschild Investment LLC increased its holdings in FS KKR Capital by 59.9% during the 3rd quarter. Rothschild Investment LLC now owns 3,194 shares of the company’s stock worth $48,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Pineridge Advisors LLC increased its holdings in FS KKR Capital by 27.9% during the 2nd quarter. Pineridge Advisors LLC now owns 6,988 shares of the company’s stock worth $145,000 after purchasing an additional 1,525 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Weiss Ratings downgraded FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. Royal Bank Of Canada lowered their price target on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, February 27th. Zacks Research cut FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, B. Riley Financial cut their price objective on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Reduce” and an average price target of $14.14.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $10.45 on Thursday. FS KKR Capital Corp. has a 52 week low of $10.16 and a 52 week high of $22.68. The company’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $14.84. The stock has a market cap of $2.93 billion, a P/E ratio of 348.47 and a beta of 0.86. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The business had revenue of $348.00 million during the quarter, compared to the consensus estimate of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same period in the prior year, the company earned $0.66 earnings per share. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be paid a $0.03 dividend. This represents a yield of 1,595.0%. The ex-dividend date is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio is 6,000.00%.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was purchased at an average cost of $11.25 per share, with a total value of $56,250.00. Following the transaction, the insider directly owned 64,800 shares in the company, valued at $729,000. This trade represents a 8.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.