Transcend Capital Advisors LLC Has $27.33 Million Stock Position in FS KKR Capital Corp. $FSK

Transcend Capital Advisors LLC decreased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,316,945 shares of the company’s stock after selling 88,939 shares during the period. FS KKR Capital comprises about 2.1% of Transcend Capital Advisors LLC’s holdings, making the stock its 6th largest holding. Transcend Capital Advisors LLC owned about 0.47% of FS KKR Capital worth $27,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in shares of FS KKR Capital by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after acquiring an additional 32,258 shares during the period. Legacy Capital Group California Inc. grew its holdings in shares of FS KKR Capital by 14.2% during the 2nd quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock worth $4,133,000 after acquiring an additional 24,758 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FS KKR Capital by 35.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock worth $607,000 after acquiring an additional 7,620 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in shares of FS KKR Capital during the 1st quarter worth approximately $6,383,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of FS KKR Capital by 5.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock worth $356,000 after acquiring an additional 945 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on FSK shares. JPMorgan Chase & Co. reduced their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Saturday. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target on the stock in a research note on Monday, October 6th. Finally, Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.75.

FS KKR Capital Stock Up 1.4%

Shares of NYSE:FSK opened at $15.26 on Monday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital Corp. has a 1 year low of $14.05 and a 1 year high of $24.10. The stock’s fifty day moving average price is $16.26 and its 200-day moving average price is $19.05.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The business had revenue of $398.00 million for the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 16.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is presently 328.21%.

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.