Cooper Financial Group Raises Stake in FS KKR Capital Corp. (NYSE:FSK)

Cooper Financial Group lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,903 shares of the company’s stock after acquiring an additional 2,725 shares during the period. Cooper Financial Group’s holdings in FS KKR Capital were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Independence Bank of Kentucky acquired a new position in shares of FS KKR Capital in the 2nd quarter valued at $40,000. Sterling Group Wealth Management LLC grew its position in FS KKR Capital by 31.5% during the second quarter. Sterling Group Wealth Management LLC now owns 82,501 shares of the company’s stock valued at $1,582,000 after acquiring an additional 19,762 shares during the period. Apella Capital LLC acquired a new stake in FS KKR Capital during the second quarter worth about $355,000. DnB Asset Management AS raised its holdings in shares of FS KKR Capital by 35.3% in the 2nd quarter. DnB Asset Management AS now owns 116,017 shares of the company’s stock worth $2,225,000 after purchasing an additional 30,300 shares during the period. Finally, Alterna Wealth Management Inc. lifted its stake in shares of FS KKR Capital by 6.3% in the 1st quarter. Alterna Wealth Management Inc. now owns 10,914 shares of the company’s stock valued at $202,000 after purchasing an additional 649 shares in the last quarter. 33.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Brian Gerson bought 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $20.36 per share, with a total value of $40,720.00. Following the transaction, the insider now owns 10,109 shares of the company’s stock, valued at $205,819.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $20.12 per share, for a total transaction of $100,600.00. Following the completion of the purchase, the insider now directly owns 32,500 shares of the company’s stock, valued at approximately $653,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Gerson acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $20.36 per share, with a total value of $40,720.00. Following the acquisition, the insider now owns 10,109 shares of the company’s stock, valued at $205,819.24. The disclosure for this purchase can be found here. In the last three months, insiders acquired 8,750 shares of company stock worth $176,923. 0.22% of the stock is currently owned by insiders.

FS KKR Capital Stock Up 0.5 %

Shares of NYSE:FSK opened at $20.01 on Friday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 19.81 and a beta of 1.38. The company has a 50 day moving average of $20.09 and a two-hundred day moving average of $19.28. FS KKR Capital Corp. has a 52-week low of $16.70 and a 52-week high of $20.80. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.18.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Monday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $462.00 million for the quarter, compared to the consensus estimate of $449.67 million. FS KKR Capital had a net margin of 15.80% and a return on equity of 12.43%. During the same quarter in the previous year, the firm posted $0.67 EPS. As a group, analysts forecast that FS KKR Capital Corp. will post 3.08 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Wednesday, September 13th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, September 12th. FS KKR Capital’s payout ratio is 253.47%.

Wall Street Analysts Forecast Growth

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

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.