Creekside Partners Acquires Shares of 10,442 FS KKR Capital Corp. (NYSE:FSK)

Creekside Partners bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,442 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in FS KKR Capital in the second quarter worth $30,000. Ridgewood Investments LLC purchased a new position in FS KKR Capital during the 2nd quarter valued at about $37,000. Mather Group LLC. bought a new stake in FS KKR Capital during the first quarter worth about $39,000. Rothschild Investment LLC purchased a new stake in FS KKR Capital in the second quarter worth about $39,000. Finally, 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 purchasing an additional 1,421 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, with a total value of $96,050.00. Following the acquisition, the insider now directly owns 44,800 shares of the company’s stock, valued at $860,608. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction 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 legal filing with the SEC, which is accessible through this link. Also, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $19.21 per share, with a total value of $96,050.00. Following the completion of the purchase, the insider now directly owns 44,800 shares in the company, valued at $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Stock Performance

Shares of FSK opened at $19.85 on Thursday. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 8.27 and a beta of 1.26. The business’s fifty day simple moving average is $19.77 and its two-hundred day simple moving average is $19.70. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $20.99. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period last year, the company earned $0.78 EPS. Research analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company dropped 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.06.

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.