115,282 FS KKR Capital Corp. $FSK Shares Sold by Maia Wealth LLC

Key Points

• Maia Wealth LLC cut its FS KKR Capital stake by 76.9% in the third quarter, selling 115,282 shares and retaining 34,711 shares valued at approximately $381,000.
• Analyst sentiment remains cautious: FSK has a consensus rating of “Reduce”, with six Hold ratings and two Sell ratings and an average price target of $11.43.
• FSK reported quarterly EPS of $0.43, slightly above estimates, and declared a $0.20-per-share special dividend payable December 24 to shareholders of record as of December 16.

Maia Wealth LLC lessened its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 76.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,711 shares of the company's stock after selling 115,282 shares during the period. Maia Wealth LLC's holdings in FS KKR Capital were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Van ECK Associates Corp increased its position in FS KKR Capital by 13.4% during the 2nd quarter. Van ECK Associates Corp now owns 5,382,748 shares of the company's stock valued at $56,519,000 after buying an additional 636,889 shares in the last quarter. Saba Capital Management L.P. purchased a new stake in FS KKR Capital in the first quarter valued at about $35,729,000. Legal & General Group Plc purchased a new stake in FS KKR Capital in the second quarter valued at about $28,742,000. Silver Point Capital L.P. purchased a new stake in FS KKR Capital in the second quarter valued at about $28,602,000. Finally, Cura Wealth Advisors LLC acquired a new stake in FS KKR Capital in the second quarter worth about $22,391,000. Institutional investors and hedge funds own 36.26% of the company's stock.

Analyst Upgrades and Downgrades

FSK has been the subject of several recent analyst reports. Wells Fargo & Company downgraded FS KKR Capital from a "sector perform" rating to an "underweight" rating and set a $10.00 price target for the company. in a report on Tuesday, September 29th. JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $9.50 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, August 19th. 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. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of FS KKR Capital in a research report on Friday, August 28th. Finally, Truist Financial lifted their target price on shares of FS KKR Capital from $11.00 to $12.00 and gave the stock a "hold" rating in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $11.43.

FS KKR Capital Stock Down 0.1%

FSK stock opened at $10.13 on Wednesday. The company has a market capitalization of $2.80 billion, a P/E ratio of -7.50 and a beta of 0.86. FS KKR Capital Corp. has a 12 month low of $9.72 and a 12 month high of $16.31. The firm's fifty day simple moving average is $11.56 and its 200-day simple moving average is $11.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $290.00 million during the quarter, compared to analysts' expectations of $286.75 million. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. During the same quarter last year, the company posted ($0.75) earnings per share. As a group, equities research analysts forecast that FS KKR Capital Corp. will post 1.64 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, December 24th. Shareholders of record on Wednesday, December 16th will be given 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. FS KKR Capital's dividend payout ratio (DPR) is currently -130.37%.

FS KKR Capital Company Profile

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.

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