Legacy Capital Group California Inc. Sells 1,447 Shares of FS KKR Capital Corp. (NYSE:FSK)

Legacy Capital Group California Inc. cut its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,487 shares of the company’s stock after selling 1,447 shares during the quarter. FS KKR Capital makes up approximately 1.1% of Legacy Capital Group California Inc.’s holdings, making the stock its 12th biggest position. Legacy Capital Group California Inc. owned about 0.06% of FS KKR Capital worth $3,305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after acquiring an additional 3,012,711 shares during the period. Van ECK Associates Corp grew its holdings in FS KKR Capital by 26.9% during the 1st quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock valued at $125,935,000 after buying an additional 1,398,998 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of FS KKR Capital during the second quarter valued at approximately $19,544,000. Cetera Investment Advisers lifted its holdings in shares of FS KKR Capital by 368.3% in the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after buying an additional 697,453 shares in the last quarter. Finally, Maia Wealth LLC bought a new position in shares of FS KKR Capital during the second quarter worth $10,560,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

NYSE:FSK opened at $20.78 on Friday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 8.66 and a beta of 1.25. 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 business has a 50 day simple moving average of $19.99 and a 200-day simple moving average of $19.85. 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 posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS 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 company had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. During the same period in the previous year, the firm earned $0.78 earnings per share. Equities analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is 106.67%.

Analyst Ratings Changes

Several analysts have commented on FSK shares. Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada restated 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.06.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.

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.