Commonwealth Equity Services LLC lessened its stake in FS KKR Capital Corp. (NYSE:FSK – Free Report) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,266,433 shares of the company’s stock after selling 145,203 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.52% of FS KKR Capital worth $81,830,000 at the end of the most recent reporting period.
Other 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 first quarter worth $15,965,500,000. Worth Asset Management LLC purchased a new position in shares of FS KKR Capital in the first quarter worth $43,000. Independence Bank of Kentucky purchased a new position in shares of FS KKR Capital in the second quarter worth $40,000. Retirement Group LLC purchased a new position in shares of FS KKR Capital in the fourth quarter worth $39,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of FS KKR Capital in the first quarter worth $60,000. Hedge funds and other institutional investors own 33.42% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on FSK shares. TheStreet raised shares of FS KKR Capital from a “c” rating to a “b-” rating in a report on Thursday, November 9th. B. Riley began coverage on shares of FS KKR Capital in a research report on Thursday, July 27th. They issued a “buy” rating and a $21.00 price target on the stock. They noted that the move was a valuation call. Finally, Oppenheimer boosted their price target 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. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.88.
In related news, insider Brian Gerson bought 2,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average cost of $20.36 per share, with a total value of $40,720.00. Following the completion of the purchase, the insider now owns 10,109 shares of the company’s stock, valued at $205,819.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders purchased 3,750 shares of company stock valued at $76,323. 0.22% of the stock is currently owned by company insiders.
FS KKR Capital Trading Up 0.2 %
FSK stock traded up $0.04 during mid-day trading on Friday, reaching $19.87. 1,340,780 shares of the stock traded hands, compared to its average volume of 1,051,426. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.75 and a current ratio of 1.75. FS KKR Capital Corp. has a one year low of $17.06 and a one year high of $20.80. The stock has a market capitalization of $5.56 billion, a PE ratio of 8.24 and a beta of 1.35. The business has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $19.57.
FS KKR Capital (NYSE:FSK – Get Free Report) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. FS KKR Capital had a net margin of 36.74% and a return on equity of 12.74%. The business had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $455.68 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. Equities research analysts expect that FS KKR Capital Corp. will post 3.12 EPS for the current year.
FS KKR Capital Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $2.80 dividend on an annualized basis and a yield of 14.09%. FS KKR Capital’s payout ratio is 106.22%.
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.
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