Bard Associates Inc. Sells 2,802 Shares of FS KKR Capital Corp. (NYSE:FSK)

Bard Associates Inc. cut its holdings in FS KKR Capital Corp. (NYSE:FSK) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,957 shares of the company’s stock after selling 2,802 shares during the period. FS KKR Capital accounts for 1.2% of Bard Associates Inc.’s portfolio, making the stock its 23rd largest holding. Bard Associates Inc. owned 0.06% of FS KKR Capital worth $3,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp raised its holdings in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares during the period. Legacy Investment Solutions LLC purchased a new stake in FS KKR Capital in the third quarter worth about $7,830,000. Strategic Financial Concepts LLC raised its stake in shares of FS KKR Capital by 2,029.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 303,529 shares of the company’s stock worth $6,593,000 after buying an additional 289,278 shares during the period. Rik Saylor Financial Inc. purchased a new position in shares of FS KKR Capital during the 4th quarter valued at about $4,287,000. Finally, Transcend Capital Advisors LLC grew its stake in shares of FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after acquiring an additional 128,856 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought 6,500 shares of company stock valued at $138,510 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

FSK has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.70.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $23.13 on Tuesday. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 12.30 and a beta of 1.25. The firm has a fifty day moving average price of $22.61 and a 200 day moving average price of $21.28. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $419.97 million. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.11%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s payout ratio is 122.49%.

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.