Williams Financial LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK – Free Report) 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
FS KKR Capital (NYSE:FSK – Get Free Report) 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.
Get Our Latest Stock Report on FSK
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.
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