Creative Planning Sells 5,890 Shares of FS KKR Capital Corp. $FSK

Creative Planning trimmed its holdings in FS KKR Capital Corp. (NYSE:FSK) by 5.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 95,180 shares of the company’s stock after selling 5,890 shares during the quarter. Creative Planning’s holdings in FS KKR Capital were worth $1,975,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FSK. Commonwealth Equity Services LLC raised its position in FS KKR Capital by 0.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock worth $89,514,000 after purchasing an additional 28,619 shares during the period. LPL Financial LLC grew its stake in shares of FS KKR Capital by 2.8% during the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after buying an additional 98,647 shares during the last quarter. Generali Asset Management SPA SGR grew its stake in shares of FS KKR Capital by 21.7% during the second quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock valued at $51,569,000 after buying an additional 442,374 shares during the last quarter. Cura Wealth Advisors LLC increased its holdings in shares of FS KKR Capital by 1.1% in the first quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock worth $37,387,000 after buying an additional 19,367 shares during the period. Finally, CCLA Investment Management bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $33,463,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak bought 10,000 shares of FS KKR Capital stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the acquisition, the insider owned 59,800 shares of the company’s stock, valued at approximately $905,970. The trade was a 20.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael C. Forman bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average cost of $15.50 per share, with a total value of $155,000.00. Following the transaction, the chief executive officer directly owned 24,220 shares in the company, valued at approximately $375,410. This represents a 70.32% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 20,330 shares of company stock worth $312,480. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Wells Fargo & Company raised FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research note on Monday, October 6th. Zacks Research downgraded shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $17.50.

FS KKR Capital Trading Up 0.8%

Shares of FSK stock opened at $15.95 on Wednesday. The stock has a fifty day moving average of $15.17 and a 200 day moving average of $18.39. FS KKR Capital Corp. has a 52 week low of $14.05 and a 52 week high of $24.10. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The business had revenue of $373.00 million for the quarter, compared to the consensus estimate of $374.89 million. During the same period in the previous year, the firm earned $0.74 EPS. As a group, research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $0.64 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $2.56 annualized dividend and a yield of 16.1%. FS KKR Capital’s dividend payout ratio (DPR) is 263.92%.

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.