MML Investors Services LLC Boosts Holdings in FS KKR Capital Corp. (NYSE:FSK)

MML Investors Services LLC grew its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396,575 shares of the company's stock after purchasing an additional 28,734 shares during the period. MML Investors Services LLC owned about 0.14% of FS KKR Capital worth $7,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of FS KKR Capital by 6.6% in the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock valued at $117,886,000 after purchasing an additional 356,704 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company's stock valued at $84,487,000 after purchasing an additional 188,542 shares during the last quarter. LPL Financial LLC raised its holdings in shares of FS KKR Capital by 1.8% in the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company's stock valued at $66,141,000 after purchasing an additional 59,240 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock valued at $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Finally, Strong Tower Advisory Services raised its holdings in shares of FS KKR Capital by 5.4% in the third quarter. Strong Tower Advisory Services now owns 1,034,395 shares of the company's stock valued at $20,409,000 after purchasing an additional 53,125 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a report on Monday, November 18th. Wells Fargo & Company restated an "equal weight" rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley downgraded shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective for the company. in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.25.

Insider Buying and Selling at FS KKR Capital

In related news, insider Brian Gerson bought 5,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the transaction, the insider now directly owns 15,109 shares in the company, valued at $333,606.72. This trade represents a 49.46 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased a total of 11,500 shares of company stock worth $248,910 over the last three months. 0.25% of the stock is owned by insiders.

FS KKR Capital Stock Performance

NYSE:FSK traded up $0.02 on Thursday, reaching $21.35. 944,585 shares of the company's stock were exchanged, compared to its average volume of 1,419,154. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 11.35 and a beta of 1.25. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.39. The stock has a fifty day simple moving average of $20.93 and a 200-day simple moving average of $20.27.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. During the same period last year, the business earned $0.80 earnings per share. As a group, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. 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. This represents a yield of 12.7%. FS KKR Capital's payout ratio is presently 136.17%.

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.