WealthPLAN Partners LLC Reduces Holdings in FS KKR Capital Corp. (NYSE:FSK)

WealthPLAN Partners LLC cut its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 15.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,167 shares of the company’s stock after selling 4,075 shares during the period. WealthPLAN Partners LLC’s holdings in FS KKR Capital were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new position in shares of FS KKR Capital in the 2nd quarter worth $30,000. Ridgewood Investments LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $37,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth approximately $39,000. Financial Gravity Asset Management Inc. raised its stake in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after acquiring an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC purchased a new stake in FS KKR Capital during the second quarter valued at approximately $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FS KKR Capital

In related news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FSK has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $19.94.

FS KKR Capital Stock Down 0.4 %

FSK stock opened at $21.01 on Wednesday. The company’s 50-day moving average price is $20.13 and its 200 day moving average price is $19.98. The company has a market cap of $5.88 billion, a P/E ratio of 11.17 and a beta of 1.25. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $21.24.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.25% and a net margin of 29.98%. The firm had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, research analysts expect that FS KKR Capital Corp. will post 2.87 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

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.