Sigma Planning Corp Acquires 134,416 Shares of FS KKR Capital Corp. $FSK

Sigma Planning Corp raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 107.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 258,954 shares of the company’s stock after acquiring an additional 134,416 shares during the quarter. Sigma Planning Corp’s holdings in FS KKR Capital were worth $2,846,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Beacon Financial Advisory LLC increased its position in shares of FS KKR Capital by 1.7% in the second quarter. Beacon Financial Advisory LLC now owns 61,266 shares of the company’s stock worth $643,000 after acquiring an additional 1,000 shares in the last quarter. Rockport Wealth LLC raised its stake in shares of FS KKR Capital by 9.8% in the 1st quarter. Rockport Wealth LLC now owns 11,367 shares of the company’s stock valued at $116,000 after acquiring an additional 1,018 shares during the period. Diligent Investors LLC raised its stake in shares of FS KKR Capital by 4.0% in the 3rd quarter. Diligent Investors LLC now owns 29,741 shares of the company’s stock valued at $327,000 after acquiring an additional 1,147 shares during the period. IFP Advisors Inc raised its stake in shares of FS KKR Capital by 6.1% in the 3rd quarter. IFP Advisors Inc now owns 20,966 shares of the company’s stock valued at $230,000 after acquiring an additional 1,210 shares during the period. Finally, Triumph Capital Management lifted its holdings in shares of FS KKR Capital by 98.1% during the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock valued at $27,000 after acquiring an additional 1,275 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

NYSE FSK opened at $10.65 on Wednesday. FS KKR Capital Corp. has a fifty-two week low of $9.72 and a fifty-two week high of $16.31. The business has a 50 day moving average price of $11.37 and a two-hundred day moving average price of $11.42.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $290.00 million for the quarter, compared to analysts’ expectations of $286.75 million. During the same quarter in the prior year, the business earned ($0.75) EPS. As a group, sell-side analysts forecast that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, December 24th. Investors of record on Wednesday, December 16th will be issued a dividend of $0.20 per share. This represents a yield of 1,633.0%. The ex-dividend date of this dividend is Wednesday, December 16th.

Analyst Ratings Changes

A number of brokerages recently weighed in on FSK. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a report on Wednesday, August 12th. Wall Street Zen raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Capital One Financial set a $12.00 price objective on FS KKR Capital in a research report on Friday, August 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a research note on Friday, August 28th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $11.43.

About FS KKR Capital

FS KKR Capital Corp. (NYSE: FSK) is a business development company (BDC) that provides financing to private middle-market companies. The company primarily invests in senior secured loans and other debt instruments, while also making select equity investments. Its portfolio companies generally operate across a range of industries and are typically based in the United States.

FSK is externally managed by FS/KKR Advisor, LLC, a joint venture between FS Investments and KKR. The adviser combines FS Investments’ experience in serving individual and institutional investors with KKR’s global investment platform and private credit capabilities.

The company traces its history to FS Investment Corporation and Corporate Capital Trust, which combined in 2018 to create FS KKR Capital Corp.