Commonwealth Equity Services LLC Has $61.07 Million Stock Position in FS KKR Capital Corp. $FSK

Commonwealth Equity Services LLC lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,090,515 shares of the company’s stock after selling 223,392 shares during the period. Commonwealth Equity Services LLC’s holdings in FS KKR Capital were worth $61,071,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Trust Co. of Vermont grew its stake in FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after buying an additional 515 shares in the last quarter. CFO4Life Group LLC boosted its position in shares of FS KKR Capital by 3.0% during the 2nd quarter. CFO4Life Group LLC now owns 20,081 shares of the company’s stock worth $417,000 after acquiring an additional 578 shares in the last quarter. West Michigan Advisors LLC boosted its position in shares of FS KKR Capital by 1.5% during the 2nd quarter. West Michigan Advisors LLC now owns 41,194 shares of the company’s stock worth $884,000 after acquiring an additional 591 shares in the last quarter. Transce3nd LLC increased its stake in FS KKR Capital by 3.5% in the second quarter. Transce3nd LLC now owns 17,426 shares of the company’s stock valued at $362,000 after acquiring an additional 591 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC raised its position in 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 purchasing an additional 615 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $14.65 on Wednesday. The stock has a 50-day moving average price of $15.25 and a two-hundred day moving average price of $17.14. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10. 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 released its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $373.00 million during the quarter, compared to the consensus estimate of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.56 annualized dividend and a dividend yield of 17.5%. FS KKR Capital’s dividend payout ratio (DPR) is presently 263.92%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FSK. Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. Wells Fargo & Company upgraded 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 report on Monday, October 6th. JPMorgan Chase & Co. decreased their target price 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. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak bought 10,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $15.15 per share, with a total value of $151,500.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael C. Forman bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were bought at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the completion of the acquisition, the chief executive officer directly owned 24,220 shares in the company, valued at approximately $375,410. This trade represents a 70.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Profile

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.