FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Clarity Capital Partners LLC

Clarity Capital Partners LLC raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 37.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,670 shares of the company’s stock after buying an additional 4,000 shares during the period. Clarity Capital Partners LLC’s holdings in FS KKR Capital were worth $289,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FSK. Norden Group LLC bought a new position in FS KKR Capital during the first quarter valued at approximately $195,000. Janney Montgomery Scott LLC boosted its stake in shares of FS KKR Capital by 30.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after purchasing an additional 14,977 shares in the last quarter. Choreo LLC boosted its stake in shares of FS KKR Capital by 3.1% in the 1st quarter. Choreo LLC now owns 30,116 shares of the company’s stock valued at $574,000 after purchasing an additional 897 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of FS KKR Capital by 38.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 146,100 shares of the company’s stock valued at $2,786,000 after buying an additional 40,460 shares during the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of FS KKR Capital by 3.2% in the first quarter. Csenge Advisory Group now owns 86,729 shares of the company’s stock valued at $1,654,000 after buying an additional 2,680 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $19.94.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares in the company, valued at approximately $860,608. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 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 purchase, the insider now owns 44,800 shares in the company, valued at $860,608. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Down 0.5 %

NYSE FSK opened at $20.04 on Tuesday. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 8.87 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The business has a 50 day moving average price of $20.07 and a 200-day moving average price of $19.92.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $426.41 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is currently 113.27%.

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.