FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 776.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,750 shares of the company's stock after purchasing an additional 112,285 shares during the period. Crescent Grove Advisors LLC's holdings in FS KKR Capital were worth $2,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in FS KKR Capital during the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new position in FS KKR Capital in the 2nd quarter valued at $37,000. Rothschild Investment LLC acquired a new position in FS KKR Capital in the 2nd quarter valued at $39,000. Financial Gravity Asset Management Inc. lifted its holdings in FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company's stock valued at $42,000 after purchasing an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in FS KKR Capital during the 2nd quarter worth $50,000. Institutional investors and hedge funds own 36.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FSK shares. Wells Fargo & Company reduced their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada reiterated 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 given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.94.

Insider Transactions at FS KKR Capital

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

FS KKR Capital Trading Up 2.6 %

FSK stock traded up $0.53 during trading on Wednesday, reaching $20.82. 1,570,802 shares of the stock were exchanged, compared to its average volume of 1,411,780. The business has a 50 day moving average price of $20.09 and a 200-day moving average price of $19.94. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 9.21 and a beta of 1.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period in the prior year, the business posted $0.78 earnings per share. On average, research analysts predict that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital's previous None dividend of $0.64. FS KKR Capital's dividend payout ratio is 113.27%.

About FS KKR Capital

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.