abrdn plc Sells 44,680 Shares of FS KKR Capital Corp. (NYSE:FSK)

abrdn plc trimmed its stake in shares of FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 308,861 shares of the company’s stock after selling 44,680 shares during the quarter. abrdn plc owned 0.11% of FS KKR Capital worth $5,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSK. US Bancorp DE boosted its holdings in shares of 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 purchasing an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of FS KKR Capital by 120.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock worth $161,000 after purchasing an additional 3,861 shares in the last quarter. Great West Life Assurance Co. Can boosted 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 purchased a new position in shares of FS KKR Capital in the 1st quarter worth about $414,000. Finally, Symphony Financial Ltd. Co. boosted its holdings in shares of FS KKR Capital by 11.9% in the 1st quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock worth $718,000 after purchasing an additional 3,359 shares in the last quarter. 41.43% of the stock is currently owned by institutional investors.

FS KKR Capital Trading Up 1.2 %

NYSE FSK opened at $19.23 on Monday. FS KKR Capital Corp. has a fifty-two week low of $16.70 and a fifty-two week high of $22.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50 day simple moving average of $18.46 and a two-hundred day simple moving average of $18.82. The stock has a market cap of $5.39 billion, a P/E ratio of 80.13 and a beta of 1.40.

FS KKR Capital (NYSE:FSK – Get Rating) last released its quarterly earnings data on Monday, February 27th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.06. The business had revenue of $449.00 million during the quarter, compared to analysts’ expectations of $431.49 million. FS KKR Capital had a return on equity of 11.82% and a net margin of 3.89%. The business’s revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, analysts forecast that FS KKR Capital Corp. will post 3.11 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.31%. The ex-dividend date is Tuesday, June 13th. FS KKR Capital’s payout ratio is presently 1,066.67%.

Insider Activity

In other news, insider Brian Gerson bought 3,000 shares of the stock in a transaction dated Tuesday, March 7th. The stock was bought at an average price of $19.69 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FS KKR Capital news, Director Barbara Adams bought 3,572 shares of FS KKR Capital stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $19.08 per share, with a total value of $68,153.76. Following the acquisition, the director now owns 16,387 shares in the company, valued at $312,663.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Gerson acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was purchased at an average cost of $19.69 per share, with a total value of $59,070.00. Following the acquisition, the insider now directly owns 17,095 shares of the company’s stock, valued at $336,600.55. The disclosure for this purchase can be found here. Insiders bought a total of 9,072 shares of company stock worth $176,324 in the last quarter. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FSK. Oppenheimer began coverage on FS KKR Capital in a research note on Tuesday, April 11th. They issued a “market perform” rating and a $21.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on FS KKR Capital from $21.00 to $21.50 and gave the company a “market perform” rating in a research note on Wednesday, March 1st. Wells Fargo & Company boosted their target price 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. Finally, TheStreet raised FS KKR Capital from a “c” rating to a “b-” rating in a research note on Tuesday, May 16th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.25.

FS KKR Capital 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.