Sun Sep 15 11:44:51 UTC 2024: ## FS KKR Capital Sees Increased Institutional Interest, Insider Activity

**New York, NY (MarketBeat News) – September 15, 2024** FS KKR Capital Corp. (NYSE:FSK) has experienced significant interest from institutional investors in the second quarter of 2024. Several notable funds, including LPL Financial LLC, Choreo LLC, and Wedbush Securities Inc., increased their holdings in the company.

LPL Financial LLC, for example, boosted its stake in FS KKR Capital by 1.8%, now owning 1.20% of the company worth $66,141,000. Choreo LLC increased its stake by 22.0%, while Wedbush Securities Inc. expanded its holding by 1.4%. Ashton Thomas Private Wealth LLC also entered the scene, acquiring a new stake in the company.

Meanwhile, insider activity has also been notable. CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction on August 15th, while insider Daniel Pietrzak purchased 5,000 shares on August 8th.

Despite these events, analysts have been mixed in their assessments of the company. Royal Bank of Canada reiterated a “sector perform” rating with a $20.00 price target, while Wells Fargo & Company cut its price target from $22.00 to $21.00 but maintained an “overweight” rating. The average rating for the stock is currently “Hold” with an average target price of $20.06.

FS KKR Capital recently released its quarterly earnings, reporting $0.75 earnings per share (EPS), topping analysts’ consensus estimates. The company also declared a dividend of $0.64 per share, representing a yield of 13.33%.

FS KKR Capital Corp. specializes in investments in debt securities, primarily providing credit solutions to private middle market U.S. companies. The company’s market cap is $5.53 billion, with a price-to-earnings ratio of 8.23 and a beta of 1.26.

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