WealthPLAN Partners LLC Reduces Stock Position in FS KKR Capital Corp. (NYSE:FSK)

WealthPLAN Partners LLC lowered its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 92.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,242 shares of the company’s stock after selling 304,803 shares during the period. WealthPLAN Partners LLC’s holdings in FS KKR Capital were worth $518,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter valued at about $30,000. Ridgewood Investments LLC acquired a new position in FS KKR Capital in the 2nd quarter valued at about $37,000. Mather Group LLC. purchased a new stake in shares of FS KKR Capital in the 1st quarter valued at approximately $39,000. Rothschild Investment LLC purchased a new stake in shares of FS KKR Capital in the 2nd quarter valued at approximately $39,000. Finally, Financial Gravity Asset Management Inc. increased its holdings in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after buying an additional 1,421 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in 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 for the company in a research report on Thursday, August 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a 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 stock. Based on data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and a consensus target price of $20.06.

Insiders Place Their Bets

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

FS KKR Capital Stock Performance

NYSE FSK opened at $19.57 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market cap of $5.48 billion, a P/E ratio of 8.15 and a beta of 1.26. The stock has a 50-day moving average of $19.89 and a two-hundred day moving average of $19.64. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99.

FS KKR Capital (NYSE:FSK) last announced its earnings results 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. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. During the same period in the prior year, the firm earned $0.78 EPS. As a group, analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Dividend Announcement

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

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.