FS KKR Capital Corp. $FSK Shares Sold by Ameriflex Group Inc.

Ameriflex Group Inc. cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,343 shares of the company’s stock after selling 862 shares during the period. Ameriflex Group Inc.’s holdings in FS KKR Capital were worth $316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FSK. Goldman Sachs Group Inc. grew its holdings in shares of FS KKR Capital by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after purchasing an additional 32,258 shares during the last quarter. Legacy Capital Group California Inc. grew its holdings in shares of FS KKR Capital by 14.2% during the second quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock worth $4,133,000 after purchasing an additional 24,758 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FS KKR Capital by 35.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock worth $607,000 after purchasing an additional 7,620 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of FS KKR Capital during the first quarter worth about $6,383,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of FS KKR Capital by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock worth $356,000 after purchasing an additional 945 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on FSK shares. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a report on Saturday, September 27th. Royal Bank Of Canada dropped their price objective 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. Wells Fargo & Company dropped their price objective on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. Finally, Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, FS KKR Capital has a consensus rating of “Reduce” and a consensus price target of $17.75.

FS KKR Capital Trading Down 2.3%

NYSE FSK opened at $14.96 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital Corp. has a 52-week low of $14.76 and a 52-week high of $24.10. The business’s 50-day moving average price is $17.64 and its 200 day moving average price is $19.63.

FS KKR Capital (NYSE:FSK) last released 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). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The company had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same period in the prior year, the business earned $0.75 EPS. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $2.80 dividend on an annualized basis and a yield of 18.7%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. 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.