EntryPoint Capital LLC Sells 1,697 Shares of FS KKR Capital Corp. (NYSE:FSK)

EntryPoint Capital LLC lessened its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 25.1% in the first quarter, HoldingsChannel reports. The fund owned 5,054 shares of the company’s stock after selling 1,697 shares during the period. EntryPoint Capital LLC’s holdings in FS KKR Capital were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its stake in shares of FS KKR Capital by 5.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 240,330 shares of the company’s stock valued at $4,587,000 after acquiring an additional 11,807 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of FS KKR Capital by 30.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,855 shares of the company’s stock valued at $283,000 after buying an additional 3,439 shares in the last quarter. Rockport Wealth LLC acquired a new stake in shares of FS KKR Capital in the first quarter valued at approximately $280,000. Partners Group Holding AG boosted its stake in shares of FS KKR Capital by 8.6% in the first quarter. Partners Group Holding AG now owns 292,259 shares of the company’s stock valued at $5,573,000 after buying an additional 23,062 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in FS KKR Capital by 47.4% during the first quarter. Orion Portfolio Solutions LLC now owns 62,938 shares of the company’s stock worth $1,200,000 after buying an additional 20,230 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analysts Set New Price Targets

FSK has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Keefe, Bruyette & Woods decreased their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. boosted their target price on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Company boosted their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.39.

Insider Activity at FS KKR Capital

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

FS KKR Capital Stock Up 0.3 %

NYSE FSK traded up $0.07 during mid-day trading on Friday, hitting $20.21. The company’s stock had a trading volume of 375,224 shares, compared to its average volume of 1,487,053. The company’s 50 day simple moving average is $20.08 and its 200 day simple moving average is $19.76. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 8.40 and a beta of 1.26.

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

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.80 dividend on an annualized basis and a yield of 13.85%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s payout ratio is 106.67%.

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.