Jaffetilchin Investment Partners LLC Buys Shares of 10,727 FS KKR Capital Corp. (NYSE:FSK)

Jaffetilchin Investment Partners LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,727 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also bought and sold shares of FSK. UBS Group AG lifted its holdings in shares of FS KKR Capital by 12.2% in the 4th quarter. UBS Group AG now owns 831,771 shares of the company’s stock worth $16,610,000 after acquiring an additional 90,233 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in FS KKR Capital by 30.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after buying an additional 14,977 shares during the last quarter. United Advisor Group LLC bought a new stake in FS KKR Capital during the 4th quarter valued at $2,916,000. Jump Financial LLC raised its holdings in FS KKR Capital by 106.4% during the 4th quarter. Jump Financial LLC now owns 268,800 shares of the company’s stock valued at $5,368,000 after buying an additional 138,579 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in FS KKR Capital by 9.9% during the 4th quarter. Private Advisor Group LLC now owns 540,221 shares of the company’s stock valued at $10,790,000 after buying an additional 48,546 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

Shares of NYSE:FSK remained flat at $20.23 during midday trading on Friday. 1,134,107 shares of the stock were exchanged, compared to its average volume of 1,470,632. The business has a 50-day moving average of $19.89 and a 200 day moving average of $19.63. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 8.43 and a beta of 1.26. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate 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 firm earned $0.78 EPS. On average, research analysts predict that FS KKR Capital Corp. will post 2.82 EPS for the current year.

FS KKR Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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 report on Friday, May 10th. Wells Fargo & Company reduced 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 research report on Thursday, August 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.06.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the purchase, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

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.