Diversify Advisory Services LLC Sells 87,255 Shares of FS KKR Capital Corp. $FSK

Diversify Advisory Services LLC reduced its position in FS KKR Capital Corp. (NYSE:FSK) by 47.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,689 shares of the company’s stock after selling 87,255 shares during the period. Diversify Advisory Services LLC’s holdings in FS KKR Capital were worth $1,446,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in FS KKR Capital during the 3rd quarter valued at approximately $1,135,000. Ameriflex Group Inc. grew its position in shares of FS KKR Capital by 93.3% in the third quarter. Ameriflex Group Inc. now owns 29,658 shares of the company’s stock valued at $443,000 after purchasing an additional 14,315 shares during the period. HUB Investment Partners LLC increased its stake in FS KKR Capital by 288.4% during the 3rd quarter. HUB Investment Partners LLC now owns 90,259 shares of the company’s stock worth $1,348,000 after buying an additional 67,022 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in shares of FS KKR Capital by 5.8% in the third quarter. Legacy Capital Group California Inc. now owns 210,751 shares of the company’s stock valued at $3,147,000 after acquiring an additional 11,564 shares in the last quarter. Finally, Intellectus Partners LLC boosted its stake in shares of FS KKR Capital by 5.4% in the third quarter. Intellectus Partners LLC now owns 83,861 shares of the company’s stock worth $1,309,000 after acquiring an additional 4,267 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Trading Down 2.2%

Shares of FSK opened at $10.56 on Wednesday. FS KKR Capital Corp. has a 12-month low of $10.28 and a 12-month high of $22.74. The firm has a 50-day moving average price of $13.37 and a 200 day moving average price of $14.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $348.00 million during the quarter, compared to analyst estimates of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be given a $0.03 dividend. The ex-dividend date is Wednesday, March 18th. This represents a yield of 1,595.0%. FS KKR Capital’s payout ratio is currently 8,533.33%.

Wall Street Analyst Weigh In

Several analysts recently commented on FSK shares. Wells Fargo & Company dropped their price target on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Keefe, Bruyette & Woods dropped their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Truist Financial decreased their price target on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $14.14.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were acquired at an average price of $11.25 per share, with a total value of $56,250.00. Following the purchase, the insider directly owned 64,800 shares in the company, valued at approximately $729,000. This trade represents a 8.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is owned by corporate insiders.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.