Beacon Capital Management LLC Sells 585 Shares of FS KKR Capital Corp. (NYSE:FSK)

Beacon Capital Management LLC decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,233 shares of the company’s stock after selling 585 shares during the quarter. Beacon Capital Management LLC’s holdings in FS KKR Capital were worth $196,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brookstone Capital Management increased its stake in FS KKR Capital by 7.2% during the 2nd quarter. Brookstone Capital Management now owns 29,614 shares of the company’s stock valued at $570,000 after purchasing an additional 1,984 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of FS KKR Capital by 25.6% during the second quarter. Flagship Harbor Advisors LLC now owns 318,412 shares of the company’s stock worth $6,107,000 after acquiring an additional 64,814 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of FS KKR Capital by 3.4% in the 2nd quarter. AE Wealth Management LLC now owns 830,693 shares of the company’s stock worth $15,936,000 after acquiring an additional 27,382 shares during the last quarter. SG Americas Securities LLC bought a new position in FS KKR Capital in the 2nd quarter valued at about $142,000. Finally, Sound Income Strategies LLC boosted its stake in FS KKR Capital by 43.1% during the 2nd quarter. Sound Income Strategies LLC now owns 13,112 shares of the company’s stock valued at $251,000 after purchasing an additional 3,946 shares during the last quarter. 33.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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

FS KKR Capital Stock Performance

Shares of NYSE FSK traded up $0.08 during mid-day trading on Tuesday, reaching $20.08. 159,399 shares of the company’s stock were exchanged, compared to its average volume of 1,014,073. The firm has a 50-day moving average price of $20.11 and a two-hundred day moving average price of $19.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 19.88 and a beta of 1.38. FS KKR Capital Corp. has a 52 week low of $16.70 and a 52 week high of $20.80.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. FS KKR Capital had a return on equity of 12.43% and a net margin of 15.80%. The company had revenue of $462.00 million during the quarter, compared to analyst estimates of $449.67 million. During the same quarter last year, the firm posted $0.67 EPS. Analysts predict that FS KKR Capital Corp. will post 3.08 EPS for the current year.

FS KKR Capital Announces Dividend

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

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.