Intrua Financial LLC Has $1 Million Stake in FS KKR Capital Corp. $FSK

Intrua Financial LLC lowered its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,338 shares of the company’s stock after selling 4,330 shares during the quarter. Intrua Financial LLC’s holdings in FS KKR Capital were worth $1,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of FS KKR Capital during the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in FS KKR Capital in the first quarter valued at about $29,000. Trust Co. of Vermont raised its stake in FS KKR Capital by 51.0% in the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after purchasing an additional 515 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in FS KKR Capital during the first quarter worth about $34,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in FS KKR Capital during the first quarter worth about $42,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

FSK stock opened at $15.61 on Friday. FS KKR Capital Corp. has a 52-week low of $14.05 and a 52-week high of $24.10. The company has a fifty day moving average price of $15.51 and a 200-day moving average price of $18.65. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The company had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $374.89 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. As a group, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a yield of 16.4%. FS KKR Capital’s dividend payout ratio is 263.92%.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $15.15 per share, with a total value of $151,500.00. Following the completion of the purchase, the insider owned 59,800 shares in the company, valued at approximately $905,970. This trade represents a 20.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael C. Forman bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $15.50 per share, with a total value of $155,000.00. Following the completion of the transaction, the chief executive officer directly owned 24,220 shares in the company, valued at $375,410. This represents a 70.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 20,330 shares of company stock valued at $312,480 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FSK has been the subject of several analyst reports. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Keefe, Bruyette & Woods decreased their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research note on Monday. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. cut their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada reduced their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $17.67.

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.