Kohlberg Kravis Roberts & Co. L.P. Has $19.35 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Kohlberg Kravis Roberts & Co. L.P. reduced its position in FS KKR Capital Corp. (NYSE:FSK) by 79.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 980,587 shares of the company’s stock after selling 3,759,459 shares during the quarter. FS KKR Capital makes up 0.6% of Kohlberg Kravis Roberts & Co. L.P.’s portfolio, making the stock its 14th largest holding. Kohlberg Kravis Roberts & Co. L.P. owned approximately 0.35% of FS KKR Capital worth $19,347,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Summit Securities Group LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at approximately $30,000. Ridgewood Investments LLC bought a new stake in FS KKR Capital in the second quarter valued at $37,000. Mather Group LLC. acquired a new position in FS KKR Capital during the first quarter worth $39,000. Rothschild Investment LLC bought a new position in shares of FS KKR Capital during the second quarter valued at $39,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in shares of FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Down 0.4 %

FSK opened at $19.69 on Wednesday. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99. The firm has a 50-day moving average price of $19.83 and a two-hundred day moving average price of $19.66. The stock has a market capitalization of $5.51 billion, a PE ratio of 8.20 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.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $0.78 EPS. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently declared 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 (DPR) is presently 106.67%.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, FS KKR Capital presently has an average rating of “Hold” and a consensus price target of $20.06.

About FS KKR Capital

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.