Adamsbrown Wealth Consultants LLC Sells 722 Shares of FS KKR Capital Corp. (NYSE:FSK)

Adamsbrown Wealth Consultants LLC lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,406 shares of the company’s stock after selling 722 shares during the period. FS KKR Capital comprises about 0.5% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 26th largest holding. Adamsbrown Wealth Consultants LLC’s holdings in FS KKR Capital were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in FS KKR Capital by 52.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 159,423 shares of the company’s stock valued at $2,790,000 after purchasing an additional 54,818 shares during the last quarter. Arete Wealth Advisors LLC purchased a new position in shares of FS KKR Capital during the 1st quarter worth approximately $18,295,251,000,000. PFG Investments LLC purchased a new position in shares of FS KKR Capital during the 1st quarter worth approximately $240,000. West Michigan Advisors LLC grew its holdings in shares of FS KKR Capital by 0.7% during the 4th quarter. West Michigan Advisors LLC now owns 285,151 shares of the company’s stock worth $4,990,000 after acquiring an additional 2,104 shares during the period. Finally, Ares Management LLC grew its holdings in shares of FS KKR Capital by 11.7% during the 1st quarter. Ares Management LLC now owns 567,773 shares of the company’s stock worth $10,504,000 after acquiring an additional 59,300 shares during the period. Institutional investors own 33.42% of the company’s stock.

Insider Activity

In related news, insider Brian Gerson bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $20.36 per share, with a total value of $40,720.00. Following the acquisition, the insider now owns 10,109 shares in the company, valued at $205,819.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Brian Gerson bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $20.36 per share, with a total value of $40,720.00. Following the acquisition, the insider now owns 10,109 shares in the company, valued at $205,819.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $20.12 per share, for a total transaction of $100,600.00. Following the completion of the acquisition, the insider now owns 32,500 shares in the company, valued at approximately $653,900. The disclosure for this purchase can be found here. Insiders have bought 8,750 shares of company stock valued at $176,923 in the last ninety days. 0.22% of the stock is currently owned by company insiders.

FS KKR Capital Stock Performance

Shares of FSK opened at $20.08 on Tuesday. The business’s fifty day simple moving average is $20.11 and its two-hundred day simple moving average is $19.27. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.18. FS KKR Capital Corp. has a 12 month low of $16.70 and a 12 month high of $20.80. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 19.81 and a beta of 1.38.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Monday, August 7th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The firm had revenue of $462.00 million for the quarter, compared to analysts’ expectations of $449.67 million. FS KKR Capital had a return on equity of 12.43% and a net margin of 15.80%. During the same period in the prior year, the firm earned $0.67 EPS. Research analysts anticipate that FS KKR Capital Corp. will post 3.08 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.20%. FS KKR Capital’s payout ratio is 253.47%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. TheStreet downgraded FS KKR Capital from a “b-” rating to a “c” rating in a report on Thursday, August 10th. Oppenheimer upped their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 9th. Finally, B. Riley assumed coverage on FS KKR Capital in a research note on Thursday, July 27th. They issued a “buy” rating and a $21.00 price target on the stock. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.92.

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.