Main Street Group LTD Sells 3,365 Shares of FS KKR Capital Corp. (NYSE:FSK)

Main Street Group LTD lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 29.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,149 shares of the company’s stock after selling 3,365 shares during the period. Main Street Group LTD’s holdings in FS KKR Capital were worth $161,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital during the 2nd quarter worth $37,000. Mather Group LLC. bought a new position in FS KKR Capital during the 1st quarter worth $39,000. Rothschild Investment LLC acquired a new stake in FS KKR Capital during the second quarter worth about $39,000. Finally, New Millennium Group LLC bought a new position in FS KKR Capital in the 2nd quarter valued at about $50,000. 36.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FSK has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Finally, B. Riley reiterated a “buy” rating and issued a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Six 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Price Performance

Shares of NYSE FSK traded down $0.22 during midday trading on Friday, reaching $20.01. 1,321,387 shares of the company were exchanged, compared to its average volume of 1,461,089. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The stock has a market cap of $5.60 billion, a P/E ratio of 8.34 and a beta of 1.26. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The stock’s 50-day moving average price is $19.94 and its 200-day moving average price is $19.63.

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

FS KKR Capital Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, September 11th. This represents a yield of 14.6%. FS KKR Capital’s dividend payout ratio (DPR) is presently 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.