Fisher Asset Management LLC Cuts Stake in FS KKR Capital Corp. (NYSE:FSK)

Fisher Asset Management LLC reduced its stake in FS KKR Capital Corp. (NYSE:FSKGet Rating) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,339 shares of the company’s stock after selling 1,998 shares during the period. Fisher Asset Management LLC’s holdings in FS KKR Capital were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Cahaba Wealth Management Inc. grew its stake in shares of FS KKR Capital by 4.3% in the first quarter. Cahaba Wealth Management Inc. now owns 12,396 shares of the company’s stock worth $259,000 after acquiring an additional 516 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new stake in shares of FS KKR Capital in the first quarter worth $282,000. Ameritas Advisory Services LLC boosted its position in shares of FS KKR Capital by 18.3% during the first quarter. Ameritas Advisory Services LLC now owns 11,628 shares of the company’s stock valued at $265,000 after buying an additional 1,800 shares during the last quarter. Endowment Wealth Management Inc. boosted its position in shares of FS KKR Capital by 2.6% during the first quarter. Endowment Wealth Management Inc. now owns 71,505 shares of the company’s stock valued at $1,632,000 after buying an additional 1,841 shares during the last quarter. Finally, LexAurum Advisors LLC purchased a new stake in shares of FS KKR Capital during the first quarter valued at $1,200,000. 41.91% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 0.9 %

Shares of NYSE:FSK opened at $22.00 on Friday. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 2.71 and a beta of 1.36. The company has a debt-to-equity ratio of 1.27, a quick ratio of 3.71 and a current ratio of 3.71. The stock’s 50-day simple moving average is $20.52 and its two-hundred day simple moving average is $21.50. FS KKR Capital Corp. has a 52-week low of $18.08 and a 52-week high of $23.44.

FS KKR Capital (NYSE:FSKGet Rating) last announced its earnings results on Monday, May 9th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.08. The business had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $356.52 million. FS KKR Capital had a return on equity of 8.84% and a net margin of 116.21%. Analysts expect that FS KKR Capital Corp. will post 2.7 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Wednesday, June 15th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 12.36%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.63. The ex-dividend date was Tuesday, June 14th. FS KKR Capital’s dividend payout ratio (DPR) is presently 33.46%.

Insiders Place Their Bets

In other news, CEO Michael C. Forman bought 5,488 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were acquired at an average cost of $20.41 per share, with a total value of $112,010.08. Following the completion of the transaction, the chief executive officer now owns 5,488 shares of the company’s stock, valued at approximately $112,010.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Richard I. Goldstein acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average price of $21.70 per share, with a total value of $43,400.00. Following the completion of the purchase, the director now directly owns 28,500 shares of the company’s stock, valued at $618,450. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael C. Forman acquired 5,488 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was bought at an average cost of $20.41 per share, for a total transaction of $112,010.08. Following the purchase, the chief executive officer now directly owns 5,488 shares of the company’s stock, valued at $112,010.08. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 16,038 shares of company stock valued at $340,520. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

FSK has been the topic of several recent analyst reports. Hovde Group dropped their price objective on FS KKR Capital to $23.00 in a research report on Friday, May 20th. Wells Fargo & Company dropped their price objective on FS KKR Capital from $21.50 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th.

FS KKR Capital Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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