Private Advisor Group LLC Raises Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Private Advisor Group LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 894,704 shares of the company’s stock after acquiring an additional 35,455 shares during the quarter. Private Advisor Group LLC owned about 0.32% of FS KKR Capital worth $17,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in shares of FS KKR Capital during the second quarter valued at approximately $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital during the 2nd quarter worth $37,000. Rothschild Investment LLC acquired a new position in FS KKR Capital in the 2nd quarter worth $39,000. Financial Gravity Asset Management Inc. lifted its holdings in FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after buying an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC purchased a new position in FS KKR Capital in the 2nd quarter valued at about $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now owns 44,800 shares in the company, valued at $860,608. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FSK. Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note 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 for the company in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.06.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $20.52 on Thursday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 8.55 and a beta of 1.25. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The business has a 50 day simple moving average of $19.96 and a 200-day simple moving average of $19.85.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio is 106.67%.

About FS KKR Capital

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.