IFG Advisory LLC Purchases 4,326 Shares of FS KKR Capital Corp. (NYSE:FSK)

IFG Advisory LLC raised its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,419 shares of the company’s stock after buying an additional 4,326 shares during the quarter. IFG Advisory LLC’s holdings in FS KKR Capital were worth $1,804,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FSK. Choreo LLC bought a new stake in FS KKR Capital during the fourth quarter worth approximately $604,000. Great Valley Advisor Group Inc. boosted its stake in FS KKR Capital by 8.0% during the fourth quarter. Great Valley Advisor Group Inc. now owns 42,686 shares of the company’s stock worth $852,000 after buying an additional 3,147 shares during the period. LSV Asset Management increased its position in FS KKR Capital by 3.7% during the fourth quarter. LSV Asset Management now owns 1,905,718 shares of the company’s stock valued at $38,057,000 after acquiring an additional 67,900 shares during the last quarter. Provence Wealth Management Group lifted its holdings in shares of FS KKR Capital by 76.6% in the 4th quarter. Provence Wealth Management Group now owns 4,035 shares of the company’s stock worth $81,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC boosted its stake in shares of FS KKR Capital by 8.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 35,353 shares of the company’s stock worth $706,000 after purchasing an additional 2,757 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock remained flat at $20.23 on Friday. 1,134,107 shares of the stock traded hands, compared to its average volume of 1,470,632. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The stock has a market cap of $5.67 billion, a P/E ratio of 8.43 and a beta of 1.26. The company has a 50 day moving average of $19.89 and a 200 day moving average of $19.63. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. During the same period in the previous year, the company posted $0.78 EPS. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.82 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently disclosed 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 is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. B. Riley reissued a “buy” rating and set a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Finally, Wells Fargo & Company dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average target price of $20.06.

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 that occurred on Thursday, August 8th. The shares were bought at an average cost of $19.21 per share, with a total value of $96,050.00. Following the completion of the acquisition, 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 acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated 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. 0.25% of the stock is owned by company insiders.

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.