Franklin Resources Inc. Acquires 86,456 Shares of FS KKR Capital Corp. $FSK

Franklin Resources Inc. increased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 19.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 539,022 shares of the company’s stock after buying an additional 86,456 shares during the period. Franklin Resources Inc.’s holdings in FS KKR Capital were worth $11,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont grew its position in FS KKR Capital by 51.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after purchasing an additional 515 shares during the last quarter. CFO4Life Group LLC lifted its stake in shares of FS KKR Capital by 3.0% during the second quarter. CFO4Life Group LLC now owns 20,081 shares of the company’s stock worth $417,000 after buying an additional 578 shares during the period. West Michigan Advisors LLC lifted its stake in shares of FS KKR Capital by 1.5% during the second quarter. West Michigan Advisors LLC now owns 41,194 shares of the company’s stock worth $884,000 after buying an additional 591 shares during the period. Wescott Financial Advisory Group LLC grew its holdings in shares of FS KKR Capital by 2.8% during the second quarter. Wescott Financial Advisory Group LLC now owns 22,949 shares of the company’s stock valued at $476,000 after buying an additional 615 shares during the last quarter. Finally, Bison Wealth LLC increased its position in shares of FS KKR Capital by 3.4% in the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after acquiring an additional 720 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.8%

Shares of FSK stock opened at $16.25 on Friday. FS KKR Capital Corp. has a twelve month low of $14.05 and a twelve month high of $24.10. The stock has a 50 day moving average of $15.18 and a 200 day moving average of $18.31. The company has a current ratio of 1.30, a quick 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The business had revenue of $373.00 million for the quarter, compared to analysts’ expectations of $374.89 million. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. During the same quarter last year, the company earned $0.74 EPS. On average, equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The company 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 of this dividend is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a yield of 15.7%. FS KKR Capital’s payout ratio is presently 263.92%.

Analyst Ratings Changes

A number of brokerages have commented on FSK. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Friday, November 14th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target on the stock in a report on Monday, October 6th. Keefe, Bruyette & Woods reduced 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 research report on Monday, November 10th. Finally, Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $17.50.

Insider Transactions at FS KKR Capital

In other news, CEO Michael C. Forman bought 10,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average cost of $15.50 per share, with a total value of $155,000.00. Following the purchase, the chief executive officer directly owned 24,220 shares in the company, valued at $375,410. The trade was a 70.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel Pietrzak bought 10,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the transaction, the insider directly owned 59,800 shares in the company, valued at approximately $905,970. This trade represents a 20.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 20,330 shares of company stock valued at $312,480. Insiders own 0.18% of the company’s stock.

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.