FS KKR Capital Corp. (NYSE:FSK) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,570 shares of the company’s stock after selling 2,256 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in FS KKR Capital were worth $2,616,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FSK. PNC Financial Services Group Inc. boosted its position in shares of FS KKR Capital by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 23,008 shares of the company’s stock worth $459,000 after purchasing an additional 2,858 shares in the last quarter. UBS Group AG boosted its position in shares of FS KKR Capital by 12.2% during the 4th quarter. UBS Group AG now owns 831,771 shares of the company’s stock worth $16,610,000 after purchasing an additional 90,233 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of FS KKR Capital during the 4th quarter worth $254,000. Parallel Advisors LLC purchased a new stake in shares of FS KKR Capital during the 4th quarter worth $100,000. Finally, Stifel Financial Corp boosted its position in shares of FS KKR Capital by 35.5% during the 4th quarter. Stifel Financial Corp now owns 234,127 shares of the company’s stock worth $4,676,000 after purchasing an additional 61,320 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on FSK. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.06.

Insider Activity

In related news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Price Performance

NYSE:FSK opened at $19.72 on Monday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 8.22 and a beta of 1.26. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average is $19.86 and its two-hundred day moving average is $19.65. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. During the same period in the prior year, the firm earned $0.78 EPS. Research analysts expect that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.64 per share. This represents a dividend yield of 13.33%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio is currently 106.67%.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.