Mather Group LLC. Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Mather Group LLC. purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the 1st quarter, Holdings Channel.com reports. The fund purchased 1,938 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wescott Financial Advisory Group LLC increased its stake in FS KKR Capital by 3.2% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock worth $324,000 after acquiring an additional 509 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in FS KKR Capital by 0.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 175,997 shares of the company’s stock worth $3,515,000 after acquiring an additional 512 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in shares of FS KKR Capital by 20.8% in the third quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after buying an additional 575 shares during the period. IFG Advisory LLC boosted its position in shares of FS KKR Capital by 0.7% in the fourth quarter. IFG Advisory LLC now owns 88,292 shares of the company’s stock worth $1,763,000 after buying an additional 633 shares during the period. Finally, AlphaStar Capital Management LLC boosted its position in shares of FS KKR Capital by 3.3% in the fourth quarter. AlphaStar Capital Management LLC now owns 22,447 shares of the company’s stock worth $448,000 after buying an additional 712 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FS KKR Capital

In other news, Director Barbara Adams acquired 3,381 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were bought at an average price of $20.10 per share, with a total value of $67,958.10. Following the purchase, the director now owns 22,082 shares of the company’s stock, valued at $443,848.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

FS KKR Capital Stock Up 1.4 %

Shares of FS KKR Capital stock opened at $19.67 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.16. The business’s 50 day simple moving average is $19.77 and its 200-day simple moving average is $19.75. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 8.20 and a beta of 1.24. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The firm had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $429.46 million. Equities research analysts forecast that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th will be given a $0.70 dividend. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 14.23%. The ex-dividend date is Wednesday, June 12th. FS KKR Capital’s dividend payout ratio (DPR) is currently 106.67%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised FS KKR Capital from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $21.00 in a research report on Wednesday, May 29th. Truist Financial reduced their price target on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Hovde Group reissued a “market perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, February 28th. B. Riley reissued a “buy” rating and issued a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Finally, Royal Bank of Canada reduced their price target on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.28.

FS KKR Capital Profile

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.