Williams Financial LLC Invests $1.64 Million in FS KKR Capital Corp. (NYSE:FSK)

Williams Financial LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 83,538 shares of the company’s stock, valued at approximately $1,642,000.

Several other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of FS KKR Capital in the 1st quarter worth about $39,000. Benjamin F. Edwards & Company Inc. purchased a new stake in FS KKR Capital during the first quarter valued at about $78,000. Provence Wealth Management Group lifted its holdings in FS KKR Capital by 76.6% during the fourth quarter. Provence Wealth Management Group now owns 4,035 shares of the company’s stock valued at $81,000 after purchasing an additional 1,750 shares during the last quarter. Atticus Wealth Management LLC lifted its holdings in FS KKR Capital by 14.1% during the first quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock valued at $87,000 after purchasing an additional 562 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new stake in FS KKR Capital during the fourth quarter valued at about $89,000. Institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares in the company, valued at $860,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by company insiders.

FS KKR Capital Price Performance

Shares of FSK stock traded up $0.12 during trading on Friday, hitting $19.69. The company had a trading volume of 988,407 shares, compared to its average volume of 1,488,938. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. The stock’s 50-day moving average is $19.85 and its two-hundred day moving average is $19.64. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 8.20 and a beta of 1.26. 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 quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $426.41 million. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. During the same period in the prior year, the business earned $0.78 earnings per share. As a group, analysts predict that FS KKR Capital Corp. will post 2.82 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a $0.70 dividend. This represents a dividend yield of 14.6%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Analyst Ratings Changes

Several research firms have commented on FSK. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, B. Riley reiterated a “buy” rating and set a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.06.

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.