Great Valley Advisor Group Inc. Sells 7,364 Shares of FS KKR Capital Corp. (NYSE:FSK)

Great Valley Advisor Group Inc. decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 22.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,927 shares of the company’s stock after selling 7,364 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in FS KKR Capital were worth $512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp boosted its position in FS KKR Capital by 26.9% during 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 in the last quarter. Cetera Investment Advisers boosted its position in FS KKR Capital by 368.3% during the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock valued at $16,911,000 after purchasing an additional 697,453 shares in the last quarter. MGO One Seven LLC boosted its position in FS KKR Capital by 2,065.4% during the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after purchasing an additional 573,086 shares in the last quarter. Maia Wealth LLC bought a new stake in FS KKR Capital during the second quarter valued at about $10,560,000. Finally, 1832 Asset Management L.P. boosted its position 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 own 36.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price target on 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average target price of $20.06.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

NYSE FSK opened at $19.40 on Thursday. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market capitalization of $5.43 billion, a P/E ratio of 8.08 and a beta of 1.26. The stock’s fifty day moving average is $19.89 and its two-hundred day moving average is $19.66.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. During the same quarter in the previous year, the business 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 year.

FS KKR Capital Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.70 dividend. The ex-dividend date is Wednesday, September 11th. This represents a yield of 14.6%. FS KKR Capital’s dividend payout ratio is currently 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.