Ashton Thomas Private Wealth LLC Invests $168,000 in FS KKR Capital Corp. (NYSE:FSK)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,538 shares of the company’s stock, valued at approximately $168,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSK. Financial Gravity Asset Management Inc. increased its stake in shares of FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after buying an additional 1,421 shares during the period. Strategic Financial Concepts LLC boosted its holdings in FS KKR Capital by 1,303.4% in the second quarter. Strategic Financial Concepts LLC now owns 293,331 shares of the company’s stock valued at $63,000 after acquiring an additional 272,429 shares in the last quarter. Norden Group LLC increased its position in FS KKR Capital by 13.8% during the 2nd quarter. Norden Group LLC now owns 11,609 shares of the company’s stock valued at $229,000 after purchasing an additional 1,405 shares during the period. Cullen Frost Bankers Inc. bought a new position in FS KKR Capital in the 2nd quarter worth $189,000. Finally, Gentry Private Wealth LLC purchased a new stake in shares of FS KKR Capital in the 2nd quarter worth about $376,000. Institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling at FS KKR Capital

In other news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is owned by company insiders.

FS KKR Capital Price Performance

FSK stock opened at $19.42 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a 50 day moving average price of $19.93 and a 200-day moving average price of $19.62. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 8.09 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $426.41 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities research analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a dividend of $0.64 per share. This represents a yield of 13.33%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Analyst Upgrades and Downgrades

FSK has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company reduced their target price on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and an average target price of $20.06.

FS KKR Capital Company 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.