AA Financial Advisors LLC Has $1.49 Million Stake in FS KKR Capital Corp. $FSK

AA Financial Advisors LLC lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,884 shares of the company’s stock after selling 84,975 shares during the quarter. AA Financial Advisors LLC’s holdings in FS KKR Capital were worth $1,494,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Transce3nd LLC grew its holdings in FS KKR Capital by 3.5% in the second quarter. Transce3nd LLC now owns 17,426 shares of the company’s stock worth $362,000 after purchasing an additional 591 shares during the period. Aries Wealth Management increased its position in FS KKR Capital by 3.1% in the 3rd quarter. Aries Wealth Management now owns 23,565 shares of the company’s stock valued at $352,000 after buying an additional 700 shares in the last quarter. Bison Wealth LLC raised its stake in FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after buying an additional 720 shares during the period. Kathmere Capital Management LLC raised its stake in FS KKR Capital by 2.5% during the 4th quarter. Kathmere Capital Management LLC now owns 37,305 shares of the company’s stock worth $552,000 after buying an additional 900 shares during the period. Finally, Private Trust Co. NA boosted its holdings in FS KKR Capital by 5.5% in the third quarter. Private Trust Co. NA now owns 17,850 shares of the company’s stock worth $267,000 after acquiring an additional 936 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FSK. JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, March 13th. Truist Financial cut their target price on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Royal Bank Of Canada reduced their price target on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, February 27th. Keefe, Bruyette & Woods decreased their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a research note on Monday, March 2nd. Finally, Zacks Research downgraded shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Reduce” and an average price target of $13.36.

FS KKR Capital Trading Down 0.1%

Shares of FS KKR Capital stock opened at $9.91 on Monday. The company has a market capitalization of $2.77 billion, a P/E ratio of 330.17 and a beta of 0.86. The stock has a fifty day simple moving average of $12.22 and a 200 day simple moving average of $14.16. FS KKR Capital Corp. has a 12-month low of $9.72 and a 12-month high of $22.68. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.31.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data 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 company had revenue of $348.00 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.66 earnings per share. On average, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently disclosed 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. This represents a yield of 118.0%. The ex-dividend date of this dividend is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio is presently 6,000.00%.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was purchased at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the insider owned 64,800 shares in the company, valued at approximately $729,000. This represents a 8.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

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.