Centaurus Financial Inc. reduced its holdings in FS KKR Capital Corp. (NYSE:FSK – Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 198,403 shares of the company’s stock after selling 8,586 shares during the quarter. Centaurus Financial Inc. owned about 0.07% of FS KKR Capital worth $3,670,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in FSK. Raymond James Financial Services Advisors Inc. lifted its stake in shares of FS KKR Capital by 52.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 159,423 shares of the company’s stock valued at $2,790,000 after buying an additional 54,818 shares during the period. Arete Wealth Advisors LLC bought a new stake in shares of FS KKR Capital in the first quarter valued at about $18,295,251,000,000. PFG Investments LLC bought a new stake in shares of FS KKR Capital in the first quarter valued at about $240,000. West Michigan Advisors LLC lifted its stake in shares of FS KKR Capital by 0.7% in the fourth quarter. West Michigan Advisors LLC now owns 285,151 shares of the company’s stock valued at $4,990,000 after buying an additional 2,104 shares during the period. Finally, Ares Management LLC lifted its stake in shares of FS KKR Capital by 11.7% in the first quarter. Ares Management LLC now owns 567,773 shares of the company’s stock valued at $10,504,000 after buying an additional 59,300 shares during the period. 33.42% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Oppenheimer raised their price target 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. TheStreet cut shares of FS KKR Capital from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Finally, B. Riley assumed 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 target for the company. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.92.
Insiders Place Their Bets
In other FS KKR Capital news, insider Brian Gerson bought 2,000 shares of the stock in a transaction on 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 acquisition, the insider now owns 10,109 shares of the company’s stock, valued at $205,819.24. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Brian Gerson purchased 2,000 shares of FS KKR Capital stock in a transaction dated Tuesday, August 29th. The shares were bought at an average cost of $20.36 per share, with a total value of $40,720.00. Following the completion of the transaction, the insider now directly owns 10,109 shares in the company, valued at approximately $205,819.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $20.12 per share, for a total transaction of $100,600.00. Following the completion of the transaction, the insider now owns 32,500 shares of the company’s stock, valued at $653,900. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 8,750 shares of company stock valued at $176,923. Company insiders own 0.22% of the company’s stock.
FS KKR Capital Stock Performance
NYSE:FSK opened at $19.86 on Thursday. FS KKR Capital Corp. has a 1 year low of $16.70 and a 1 year high of $20.80. The firm has a 50 day moving average of $20.06 and a 200-day moving average of $19.27. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $5.56 billion, a P/E ratio of 19.66 and a beta of 1.38.
FS KKR Capital (NYSE:FSK – Get Free Report) last posted its earnings results on Monday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $462.00 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $0.67 earnings per share. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 3.08 EPS for the current fiscal year.
FS KKR Capital Dividend Announcement
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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, September 12th. FS KKR Capital’s dividend payout ratio is currently 253.47%.
About FS KKR Capital
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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