Marshall Wace LLP Takes $206,000 Position in FS KKR Capital Corp. (NYSE:FSK)

Marshall Wace LLP acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,465 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors have also 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 position in shares of FS KKR Capital during the second quarter valued at about $37,000. Mather Group LLC. purchased a new position in shares of FS KKR Capital during the first quarter valued at about $39,000. Rothschild Investment LLC bought a new position in FS KKR Capital in the second quarter worth about $39,000. Finally, Financial Gravity Asset Management Inc. lifted its holdings in FS KKR Capital by 198.7% in the second 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 during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FSK. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company cut their price target on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note 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 MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.06.

Insider Buying and Selling

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital 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 SEC, which is accessible through this link. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought 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 of the company’s stock, valued at $860,608. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by insiders.

FS KKR Capital Stock Performance

Shares of NYSE FSK opened at $20.17 on Friday. The firm’s 50-day moving average price is $19.75 and its 200-day moving average price is $19.76. The company has a market cap of $5.65 billion, a PE ratio of 8.92 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $439.00 million for 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 quarter in the prior year, the company earned $0.78 earnings per share. As a group, analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

The business 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 dividend of $0.70 per share. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is currently 113.27%.

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.