Ellis Investment Partners LLC Lowers Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Ellis Investment Partners LLC cut its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 268,708 shares of the company’s stock after selling 1,744 shares during the period. FS KKR Capital accounts for approximately 1.0% of Ellis Investment Partners LLC’s holdings, making the stock its 19th biggest holding. Ellis Investment Partners LLC owned approximately 0.10% of FS KKR Capital worth $5,302,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FSK. Summit Securities Group LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $39,000. Financial Gravity Asset Management Inc. grew its position 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 valued at $42,000 after buying an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

Shares of NYSE:FSK traded down $0.11 during trading on Friday, reaching $20.67. The company had a trading volume of 945,987 shares, compared to its average volume of 1,208,530. The firm’s fifty day moving average is $20.01 and its 200 day moving average is $19.87. The firm has a market capitalization of $5.79 billion, a PE ratio of 9.15 and a beta of 1.25. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same quarter in the prior year, the business posted $0.78 EPS. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio is 113.27%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.06.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $19.21 per share, with a total value of $96,050.00. Following the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the transaction, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

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.