AA Financial Advisors LLC Sells 75,658 Shares of FS KKR Capital Corp. $FSK

AA Financial Advisors LLC trimmed its position in FS KKR Capital Corp. (NYSE:FSKFree Report) by 75.0% during the 1st quarter, HoldingsChannel reports. The firm owned 25,226 shares of the company’s stock after selling 75,658 shares during the quarter. AA Financial Advisors LLC’s holdings in FS KKR Capital were worth $257,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Titan Investment Management LLC purchased a new stake in FS KKR Capital in the fourth quarter worth $1,863,000. Bulldog Investors LLP purchased a new stake in shares of FS KKR Capital during the third quarter valued at $3,600,000. UBS Group AG increased its holdings in FS KKR Capital by 15.3% in the 4th quarter. UBS Group AG now owns 3,806,076 shares of the company’s stock worth $56,368,000 after buying an additional 505,982 shares during the period. Legacy Capital Group California Inc. boosted its holdings in FS KKR Capital by 48.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 313,615 shares of the company’s stock valued at $4,645,000 after purchasing an additional 102,864 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in FS KKR Capital by 15.3% in the fourth quarter. Legal & General Group Plc now owns 2,296,070 shares of the company’s stock valued at $33,993,000 after acquiring an additional 304,556 shares during the period. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Performance

NYSE:FSK opened at $10.39 on Friday. FS KKR Capital Corp. has a 1-year low of $9.72 and a 1-year high of $22.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market cap of $2.91 billion, a P/E ratio of -5.27 and a beta of 0.83. The firm has a 50-day moving average of $10.78 and a two-hundred day moving average of $12.10.

FS KKR Capital (NYSE:FSKGet Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. The company had revenue of $304.00 million during the quarter, compared to analyst estimates of $316.81 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was down 24.0% on a year-over-year basis. On average, research analysts expect that FS KKR Capital Corp. will post 1.66 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.68 dividend on an annualized basis and a yield of 16.2%. FS KKR Capital’s dividend payout ratio (DPR) is -85.28%.

FS KKR Capital News Roundup

Here are the key news stories impacting FS KKR Capital this week:

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FSK shares. Wells Fargo & Company decreased their target price on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Truist Financial lowered their price objective on 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. B. Riley Financial decreased their price target on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Finally, Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $10.58.

Check Out Our Latest Report on FS KKR Capital

About FS KKR Capital

(Free Report)

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.

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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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