Bank of New York Mellon Corp Trims Holdings in FS KKR Capital Corp. (NYSE:FSK)

Bank of New York Mellon Corp decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 69.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,640 shares of the company’s stock after selling 75,572 shares during the quarter. Bank of New York Mellon Corp’s holdings in FS KKR Capital were worth $664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in FS KKR Capital by 26.9% in the first quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock valued at $125,935,000 after purchasing an additional 1,398,998 shares during the period. Cetera Investment Advisers grew its stake in FS KKR Capital by 368.3% in the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock valued at $16,911,000 after acquiring an additional 697,453 shares during the period. MGO One Seven LLC increased its holdings in FS KKR Capital by 2,065.4% in the 4th quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock worth $11,999,000 after acquiring an additional 573,086 shares in the last quarter. Maia Wealth LLC acquired a new position in FS KKR Capital during the second quarter worth $10,560,000. Finally, 1832 Asset Management L.P. lifted its holdings in FS KKR Capital by 529.7% during the first quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after purchasing an additional 513,239 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FSK shares. Wells Fargo & Company lowered their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 target price 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 issued a buy rating to the company’s stock. According to data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and an average target price of $20.06.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now owns 44,800 shares in the company, valued at $860,608. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction 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. 0.25% of the stock is owned by company insiders.

FS KKR Capital Trading Down 0.3 %

NYSE:FSK opened at $19.72 on Monday. The company has a market capitalization of $5.52 billion, a PE ratio of 8.22 and a beta of 1.26. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99. The stock has a fifty day simple moving average of $19.86 and a 200-day simple moving average of $19.65. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19.

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

FS KKR Capital Dividend Announcement

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

FS KKR Capital 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.