Orion Portfolio Solutions LLC Sells 1,806 Shares of FS KKR Capital Corp. (NYSE:FSK)

Orion Portfolio Solutions LLC trimmed its position in shares of FS KKR Capital Corp. (NYSE:FSKFree Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,708 shares of the company’s stock after selling 1,806 shares during the period. Orion Portfolio Solutions LLC’s holdings in FS KKR Capital were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FSK. Legacy Capital Group California Inc. raised its position in shares of FS KKR Capital by 0.3% in the fourth quarter. Legacy Capital Group California Inc. now owns 175,997 shares of the company’s stock valued at $3,515,000 after purchasing an additional 512 shares during the period. Bank of New York Mellon Corp raised its holdings in FS KKR Capital by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock valued at $1,901,000 after acquiring an additional 570 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of FS KKR Capital by 20.8% during the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after acquiring an additional 575 shares in the last quarter. IFG Advisory LLC boosted its holdings in shares of FS KKR Capital by 0.7% in the fourth quarter. IFG Advisory LLC now owns 88,292 shares of the company’s stock worth $1,763,000 after acquiring an additional 633 shares during the period. Finally, AlphaStar Capital Management LLC grew its position in shares of FS KKR Capital by 3.3% in the fourth quarter. AlphaStar Capital Management LLC now owns 22,447 shares of the company’s stock valued at $448,000 after purchasing an additional 712 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Trading Up 1.0 %

NYSE FSK opened at $20.71 on Tuesday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. The stock’s 50-day simple moving average is $19.51 and its two-hundred day simple moving average is $19.75. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 8.63 and a beta of 1.23.

FS KKR Capital (NYSE:FSKGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. Research analysts forecast that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th will be paid a $0.70 dividend. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, June 12th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.52%. FS KKR Capital’s dividend payout ratio is 106.67%.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, Director Barbara Adams purchased 3,381 shares of the stock in a transaction on Wednesday, May 15th. The stock was acquired at an average cost of $20.10 per share, with a total value of $67,958.10. Following the completion of the purchase, the director now directly owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

FSK has been the topic of a number of recent research reports. Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $21.50 to $19.50 in a report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. Hovde Group restated a “market perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, February 28th. Finally, Truist Financial dropped their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and a consensus target price of $20.28.

View Our Latest Analysis on FS KKR Capital

About FS KKR Capital

(Free Report)

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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