Janney Montgomery Scott LLC Sells 6,690 Shares of FS KKR Capital Corp. (NYSE:FSK)

Posted by Defense World Staff on May 9th, 2023

Janney Montgomery Scott LLC lessened its holdings in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 29.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,015 shares of the company’s stock after selling 6,690 shares during the quarter. Janney Montgomery Scott LLC’s holdings in FS KKR Capital were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its stake in FS KKR Capital by 23.1% in the 1st quarter. US Bancorp DE now owns 7,993 shares of the company’s stock worth $182,000 after acquiring an additional 1,500 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in FS KKR Capital by 120.5% during the first quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock valued at $161,000 after buying an additional 3,861 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of FS KKR Capital by 4.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock worth $2,181,000 after purchasing an additional 4,157 shares in the last quarter. Ergoteles LLC bought a new stake in shares of FS KKR Capital in the first quarter worth $414,000. Finally, Symphony Financial Ltd. Co. lifted its position in FS KKR Capital by 11.9% during the first quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock valued at $718,000 after purchasing an additional 3,359 shares in the last quarter. Hedge funds and other institutional investors own 41.43% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $19.12 on Tuesday. FS KKR Capital Corp. has a 1-year low of $16.70 and a 1-year high of $22.57. The stock has a market cap of $5.35 billion, a P/E ratio of 79.67 and a beta of 1.40. The stock’s 50 day simple moving average is $18.55 and its 200-day simple moving average is $18.80. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.73 and a quick ratio of 1.73.

FS KKR Capital (NYSE:FSK – Get Rating) last announced its earnings results on Monday, February 27th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. FS KKR Capital had a return on equity of 11.33% and a net margin of 5.63%. The company had revenue of $449.00 million for the quarter, compared to analyst estimates of $431.49 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. Analysts predict that FS KKR Capital Corp. will post 3.05 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $2.80 annualized dividend and a yield of 14.64%. FS KKR Capital’s dividend payout ratio is presently 1,066.67%.

Analysts Set New Price Targets

FSK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on FS KKR Capital from $21.00 to $21.50 and gave the stock a “market perform” rating in a research report on Wednesday, March 1st. Oppenheimer initiated coverage on FS KKR Capital in a research report on Tuesday, April 11th. They issued a “market perform” rating and a $21.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on FS KKR Capital from $18.50 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 1st.

Insider Transactions at FS KKR Capital

In related news, insider Brian Gerson bought 3,000 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was bought at an average cost of $19.69 per share, with a total value of $59,070.00. Following the completion of the acquisition, the insider now owns 17,095 shares in the company, valued at approximately $336,600.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other FS KKR Capital news, insider Brian Gerson acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was acquired at an average cost of $19.69 per share, with a total value of $59,070.00. Following the purchase, the insider now directly owns 17,095 shares in the company, valued at approximately $336,600.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Elizabeth Sandler bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were purchased at an average price of $19.64 per share, for a total transaction of $49,100.00. Following the transaction, the director now owns 4,640 shares of the company’s stock, valued at approximately $91,129.60. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

FS KKR Capital Company Profile

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FS KKR Capital Corp investment company located in US with an EBITDA of $25 to $100 million. The fund focus on Broad range of sectors. It participates in debt and buyout capital transactions.