AA Financial Advisors LLC Sells 84,975 Shares of FS KKR Capital Corp. $FSK

AA Financial Advisors LLC lowered its holdings in FS KKR Capital Corp. (NYSE:FSK) by 45.7% during the 4th quarter, Holdings Channel reports. The firm owned 100,884 shares of the company’s stock after selling 84,975 shares during the period. AA Financial Advisors LLC’s holdings in FS KKR Capital were worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Transce3nd LLC increased its position in shares of FS KKR Capital by 3.5% during the 2nd quarter. Transce3nd LLC now owns 17,426 shares of the company’s stock valued at $362,000 after purchasing an additional 591 shares during the last quarter. Aries Wealth Management boosted its holdings in shares of FS KKR Capital by 3.1% in the 3rd quarter. Aries Wealth Management now owns 23,565 shares of the company’s stock worth $352,000 after buying an additional 700 shares during the last quarter. Bison Wealth LLC boosted its holdings 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 worth $476,000 after buying an additional 720 shares during the last quarter. Kathmere Capital Management LLC grew its position in FS KKR Capital by 2.5% during the fourth quarter. Kathmere Capital Management LLC now owns 37,305 shares of the company’s stock valued at $552,000 after buying an additional 900 shares during the period. Finally, Private Trust Co. NA increased its holdings in FS KKR Capital by 5.5% during the third quarter. Private Trust Co. NA now owns 17,850 shares of the company’s stock worth $267,000 after buying an additional 936 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FSK. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating on the stock in a research report on Monday, March 2nd. Truist Financial reduced their target price on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. B. Riley Financial decreased their price target on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Weiss Ratings downgraded FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $13.36.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the insider owned 64,800 shares of the company’s stock, valued at approximately $729,000. This represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Price Performance

NYSE FSK opened at $9.91 on Monday. The company has a market cap of $2.77 billion, a PE ratio of 330.17 and a beta of 0.86. FS KKR Capital Corp. has a 52 week low of $9.72 and a 52 week high of $22.68. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31. The firm’s 50-day simple moving average is $12.22 and its two-hundred day simple moving average is $14.16.

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). FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.The business had revenue of $348.00 million during the quarter, compared to analysts’ expectations of $361.59 million. During the same quarter in the previous year, the business earned $0.66 EPS. Research analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s dividend payout ratio (DPR) is 6,000.00%.

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.