Cambridge Investment Research Advisors Inc. Has $42.42 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Cambridge Investment Research Advisors Inc. reduced its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,211,819 shares of the company’s stock after selling 22,665 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.79% of FS KKR Capital worth $42,423,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Arete Wealth Advisors LLC bought a new stake in FS KKR Capital during the 1st quarter worth approximately $18,295,251,000,000. Millennium Management LLC grew its holdings in shares of FS KKR Capital by 4,104.6% in the fourth quarter. Millennium Management LLC now owns 759,013 shares of the company’s stock valued at $13,283,000 after acquiring an additional 740,961 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of FS KKR Capital in the first quarter valued at approximately $12,023,000. Wells Fargo & Company MN grew its holdings in shares of FS KKR Capital by 292.4% in the second quarter. Wells Fargo & Company MN now owns 671,299 shares of the company’s stock valued at $13,037,000 after acquiring an additional 500,218 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of FS KKR Capital in the first quarter valued at approximately $8,272,000. 33.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. B. Riley assumed coverage on FS KKR Capital in a report on Thursday, July 27th. They set a “buy” rating and a $21.00 price objective for the company. They noted that the move was a valuation call. TheStreet downgraded FS KKR Capital from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Finally, Oppenheimer increased their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $20.92.

Insiders Place Their Bets

In other FS KKR Capital news, insider Brian Gerson acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $20.36 per share, with a total value of $40,720.00. Following the transaction, the insider now directly owns 10,109 shares in the company, valued at approximately $205,819.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $20.12 per share, for a total transaction of $100,600.00. Following the purchase, the insider now owns 32,500 shares in the company, valued at $653,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Gerson bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average price of $20.36 per share, for a total transaction of $40,720.00. Following the purchase, the insider now owns 10,109 shares in the company, valued at approximately $205,819.24. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 8,750 shares of company stock valued at $176,923. Company insiders own 0.22% of the company’s stock.

FS KKR Capital Stock Up 0.1 %

Shares of FSK stock traded up $0.02 during trading hours on Tuesday, hitting $20.02. 523,605 shares of the company’s stock traded hands, compared to its average volume of 1,016,278. The stock’s fifty day simple moving average is $20.11 and its two-hundred day simple moving average is $19.27. FS KKR Capital Corp. has a 12-month low of $16.70 and a 12-month high of $20.80. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 19.88 and a beta of 1.38. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.18.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. FS KKR Capital had a net margin of 15.80% and a return on equity of 12.43%. The company had revenue of $462.00 million during the quarter, compared to analyst estimates of $449.67 million. During the same period in the previous year, the business earned $0.67 EPS. On average, analysts expect that FS KKR Capital Corp. will post 3.08 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Wednesday, September 13th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, September 12th. FS KKR Capital’s dividend payout ratio (DPR) is presently 253.47%.

FS KKR Capital Profile

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.