Apella Capital LLC Sells 4,903 Shares of FS KKR Capital Corp. (NYSE:FSK)

Apella Capital LLC lowered its stake in shares of FS KKR Capital Corp. (NYSE:FSKFree Report) by 26.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,846 shares of the company’s stock after selling 4,903 shares during the quarter. Apella Capital LLC’s holdings in FS KKR Capital were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Mather Group LLC. bought a new stake in FS KKR Capital during the first quarter worth $39,000. Confluence Investment Management LLC bought a new position in FS KKR Capital in the 1st quarter valued at $962,000. Newbridge Financial Services Group Inc. grew its stake in FS KKR Capital by 6.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 28,135 shares of the company’s stock valued at $562,000 after purchasing an additional 1,652 shares during the period. HighPoint Advisor Group LLC bought a new position in FS KKR Capital in the 4th quarter valued at $3,268,000. Finally, PNC Financial Services Group Inc. grew its stake in FS KKR Capital by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 23,008 shares of the company’s stock valued at $459,000 after purchasing an additional 2,858 shares during the period. Institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara Adams acquired 3,381 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average price of $20.10 per share, with a total value of $67,958.10. Following the acquisition, the director now owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FSK shares. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada reduced their price objective on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. Truist Financial reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Finally, B. Riley reiterated a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.28.

Read Our Latest Stock Report on FS KKR Capital

FS KKR Capital Stock Performance

Shares of FSK opened at $19.37 on Friday. The stock’s 50-day simple moving average is $19.76 and its 200 day simple moving average is $19.76. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 8.07 and a beta of 1.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99.

FS KKR Capital (NYSE:FSKGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. Research analysts forecast that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th will be issued a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, June 12th. This represents a $2.80 dividend on an annualized basis and a yield of 14.46%. FS KKR Capital’s dividend payout ratio is 106.67%.

FS KKR Capital Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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