Private Trust Co. NA Trims Stake in FS KKR Capital Corp. (NYSE:FSK)

Private Trust Co. NA lowered its position in FS KKR Capital Corp. (NYSE:FSK) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,914 shares of the company’s stock after selling 1,000 shares during the quarter. Private Trust Co. NA’s holdings in FS KKR Capital were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares during the period. Transcend Capital Advisors LLC raised its stake in shares of FS KKR Capital by 10.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after acquiring an additional 128,856 shares during the period. Strong Tower Advisory Services raised its stake in shares of FS KKR Capital by 3.5% in the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after acquiring an additional 36,127 shares during the period. Fountainhead AM LLC raised its stake in shares of FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after acquiring an additional 71,644 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of FS KKR Capital by 5.1% in the third quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company’s stock valued at $14,913,000 after acquiring an additional 36,461 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of $22.08 per share, with a total value of $110,400.00. Following the transaction, the insider now owns 15,109 shares of the company’s stock, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSK. JPMorgan Chase & Co. increased their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, Royal Bank of Canada raised their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Five analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital currently has an average rating of “Hold” and an average target price of $21.10.

FS KKR Capital Trading Up 3.2 %

FSK stock opened at $23.49 on Monday. The company has a market capitalization of $6.58 billion, a PE ratio of 12.49 and a beta of 1.25. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $24.10. The firm’s 50-day moving average is $22.58 and its 200 day moving average is $21.24. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. On average, research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio (DPR) is 122.49%.

FS KKR Capital 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.