FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Bokf Na

Bokf Na decreased its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 66.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,636 shares of the company’s stock after selling 23,324 shares during the period. Bokf Na’s holdings in FS KKR Capital were worth $215,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its stake in FS KKR Capital by 52.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 159,423 shares of the company’s stock worth $2,790,000 after buying an additional 54,818 shares during the period. Arete Wealth Advisors LLC purchased a new stake in FS KKR Capital during the first quarter worth approximately $18,295,251,000,000. PFG Investments LLC purchased a new stake in FS KKR Capital during the first quarter worth approximately $240,000. West Michigan Advisors LLC grew its stake in FS KKR Capital by 0.7% during the fourth quarter. West Michigan Advisors LLC now owns 285,151 shares of the company’s stock worth $4,990,000 after buying an additional 2,104 shares during the period. Finally, Kovack Advisors Inc. grew its stake in FS KKR Capital by 4.0% during the first quarter. Kovack Advisors Inc. now owns 40,327 shares of the company’s stock worth $746,000 after buying an additional 1,538 shares during the period. 33.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FSK. B. Riley began coverage on shares of FS KKR Capital in a research note 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. Oppenheimer boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 9th. Finally, TheStreet downgraded shares of FS KKR Capital from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.92.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $20.12 per share, with a total value of $100,600.00. Following the completion of the acquisition, the insider now directly owns 32,500 shares of the company’s stock, valued at approximately $653,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $20.12 per share, with a total value of $100,600.00. Following the completion of the acquisition, the insider now directly owns 32,500 shares of the company’s stock, valued at approximately $653,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Gerson purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $20.36 per share, for a total transaction of $40,720.00. Following the completion of the acquisition, the insider now directly owns 10,109 shares of the company’s stock, valued at $205,819.24. The disclosure for this purchase can be found here. Insiders have purchased 7,750 shares of company stock valued at $156,313 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK stock opened at $20.59 on Friday. The company has a market capitalization of $5.77 billion, a PE ratio of 20.39 and a beta of 1.37. The firm has a fifty day simple moving average of $19.86 and a 200-day simple moving average of $19.23. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.18. FS KKR Capital Corp. has a twelve month low of $16.70 and a twelve month high of $21.87.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Monday, August 7th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $462.00 million during the quarter, compared to the consensus estimate of $449.67 million. FS KKR Capital had a net margin of 15.80% and a return on equity of 12.43%. During the same period in the prior year, the firm earned $0.67 earnings per share. Equities research analysts anticipate that FS KKR Capital Corp. will post 3.08 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Wednesday, September 13th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.24 annualized dividend and a yield of 1.17%. FS KKR Capital’s dividend payout ratio is presently 253.47%.

FS KKR Capital Company 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.