Roman Butler Fullerton & Co. Sells 10,457 Shares of FS KKR Capital Corp. (NYSE:FSK)

Roman Butler Fullerton & Co. cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 48.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,343 shares of the company’s stock after selling 10,457 shares during the period. Roman Butler Fullerton & Co.’s holdings in FS KKR Capital were worth $229,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in shares of 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 acquiring an additional 1,398,998 shares in the last quarter. Commonwealth Equity Services LLC increased its position in FS KKR Capital by 3.4% in the first quarter. Commonwealth Equity Services LLC now owns 4,331,784 shares of the company’s stock worth $82,607,000 after buying an additional 141,625 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in FS KKR Capital by 1.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,143,793 shares of the company’s stock worth $40,882,000 after buying an additional 34,416 shares during the last quarter. LSV Asset Management increased its position in FS KKR Capital by 3.2% in the first quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock worth $37,500,000 after buying an additional 60,700 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in FS KKR Capital by 21.0% in the first quarter. Kestra Advisory Services LLC now owns 1,218,960 shares of the company’s stock worth $23,411,000 after buying an additional 211,961 shares during the last quarter. 36.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Barbara Adams acquired 3,381 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the acquisition, the director now owns 22,082 shares in the company, valued at $443,848.20. The purchase was disclosed in a filing with the SEC, which is available at this link. In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on 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 acquisition, the insider now directly owns 44,800 shares in the company, valued at $860,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara Adams purchased 3,381 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average price of $20.10 per share, for a total transaction of $67,958.10. Following the acquisition, the director now owns 22,082 shares in the company, valued at $443,848.20. The disclosure for this purchase can be found here. Insiders bought a total of 8,851 shares of company stock valued at $173,737 over the last 90 days. Insiders own 0.25% of the company’s stock.

FS KKR Capital Price Performance

NYSE:FSK traded up $0.06 during trading hours on Tuesday, hitting $19.31. 1,097,994 shares of the company’s stock traded hands, compared to its average volume of 1,496,673. The firm has a market cap of $5.41 billion, a P/E ratio of 8.04 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 business’s fifty day simple moving average is $19.94 and its two-hundred day simple moving average is $19.67. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. During the same quarter last year, the company earned $0.78 earnings per share. On average, research analysts anticipate that FS KKR Capital Corp. will post 2.82 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. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.70 per share. This represents a yield of 14.6%. The ex-dividend date of this dividend is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio (DPR) is currently 106.67%.

Analyst Upgrades and Downgrades

FSK has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company decreased their target price 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. Finally, B. Riley reissued a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and an average price target of $20.06.

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.