International Assets Investment Management LLC Raises Position in FS KKR Capital Corp. (NYSE:FSK)

International Assets Investment Management LLC grew its position in FS KKR Capital Corp. (NYSE:FSK) by 1,967.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,165,817 shares of the company’s stock after acquiring an additional 3,012,711 shares during the period. International Assets Investment Management LLC’s holdings in FS KKR Capital were worth $62,462,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of FS KKR Capital by 30.0% in the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after acquiring an additional 14,977 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of FS KKR Capital by 39.3% in the first quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock valued at $8,231,000 after acquiring an additional 121,754 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of FS KKR Capital in the first quarter valued at about $2,473,000. LSV Asset Management boosted its holdings in shares of FS KKR Capital by 3.2% in the first quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock valued at $37,500,000 after acquiring an additional 60,700 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in FS KKR Capital by 30.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock worth $2,422,000 after buying an additional 28,889 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Down 0.5 %

Shares of NYSE FSK opened at $20.67 on Friday. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The company has a market capitalization of $5.79 billion, a PE ratio of 9.15 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The firm’s 50-day moving average is $20.01 and its two-hundred day moving average is $19.87.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) 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 company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Equities analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is 113.27%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.06.

Insider Buying and Selling at FS KKR Capital

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

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.