SeaCrest Wealth Management LLC Increases Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

SeaCrest Wealth Management LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,140 shares of the company’s stock after purchasing an additional 3,422 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in FS KKR Capital were worth $761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aspire Private Capital LLC purchased a new position in shares of FS KKR Capital in the 1st quarter worth approximately $15,965,500,000. Ridgewood Investments LLC purchased a new position in FS KKR Capital during the 1st quarter valued at $34,000. Worth Asset Management LLC purchased a new position in FS KKR Capital during the 1st quarter valued at $43,000. Retirement Group LLC purchased a new position in FS KKR Capital during the 4th quarter valued at $39,000. Finally, CVA Family Office LLC purchased a new position in FS KKR Capital during the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 33.42% of the company’s stock.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $20.12 per share, with a total value of $100,600.00. Following the transaction, the insider now owns 32,500 shares in the company, valued at approximately $653,900. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders purchased 6,950 shares of company stock valued at $139,149. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TheStreet cut FS KKR Capital from a “b-” rating to a “c” rating in a report on Thursday, August 10th. B. Riley assumed coverage on FS KKR Capital in a report on Thursday, July 27th. They set a “buy” rating and a $21.00 price objective for the company. They noted that the move was a valuation call. Finally, Oppenheimer boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.92.

FS KKR Capital Trading Up 0.5 %

Shares of NYSE FSK opened at $20.59 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $19.78 and a two-hundred day simple moving average of $19.21. The firm has a market cap of $5.77 billion, a PE ratio of 20.28 and a beta of 1.37. FS KKR Capital Corp. has a twelve month low of $16.70 and a twelve month high of $22.16.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Monday, August 7th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $462.00 million during the quarter, compared to analyst estimates of $449.67 million. FS KKR Capital had a return on equity of 12.43% and a net margin of 15.80%. During the same period in the previous year, the company posted $0.67 EPS. Analysts expect that FS KKR Capital Corp. will post 3.08 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 13th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, September 12th. FS KKR Capital’s payout ratio is 253.47%.

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.