First National Trust Co increased its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 108.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,636 shares of the company's stock after purchasing an additional 50,327 shares during the quarter. First National Trust Co's holdings in FS KKR Capital were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in FSK. Janney Montgomery Scott LLC raised its holdings in FS KKR Capital by 30.0% in the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company's stock valued at $1,237,000 after acquiring an additional 14,977 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of FS KKR Capital in the 1st quarter worth about $1,122,000. ProShare Advisors LLC increased its holdings in shares of FS KKR Capital by 15.8% in the 1st quarter. ProShare Advisors LLC now owns 39,461 shares of the company's stock worth $753,000 after acquiring an additional 5,377 shares during the period. Entropy Technologies LP increased its holdings in shares of FS KKR Capital by 14.0% in the 1st quarter. Entropy Technologies LP now owns 98,267 shares of the company's stock worth $1,874,000 after acquiring an additional 12,053 shares during the period. Finally, Souders Financial Advisors increased its holdings in shares of FS KKR Capital by 19.9% in the 1st quarter. Souders Financial Advisors now owns 24,259 shares of the company's stock worth $463,000 after acquiring an additional 4,022 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at FS KKR Capital
In related news, CEO Michael C. Forman sold 195,139 shares of the firm'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 transaction of $3,816,918.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company's stock.
FS KKR Capital Stock Up 0.7 %
Shares of NYSE FSK traded up $0.14 during mid-day trading on Wednesday, reaching $21.15. The company had a trading volume of 970,830 shares, compared to its average volume of 1,414,333. The stock has a fifty day moving average of $20.13 and a two-hundred day moving average of $19.98. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 11.29 and a beta of 1.25. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.25.
FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter last year, the firm earned $0.80 earnings per share. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.88 EPS for the current year.
FS KKR Capital Increases Dividend
The firm also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.70 per share. This represents a yield of 12.7%. The ex-dividend date of this dividend 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 (DPR) is presently 136.17%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on FSK shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company decreased 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $19.94.
Read Our Latest Stock Analysis on FSK
FS KKR Capital Profile
(
Free Report)
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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