Diversify Wealth Management LLC Invests $2.32 Million in FS KKR Capital Corp. (NYSE:FSK)

Diversify Wealth Management LLC acquired a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 123,740 shares of the company's stock, valued at approximately $2,319,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FSK. UBS Group AG boosted its holdings in FS KKR Capital by 12.2% during the fourth quarter. UBS Group AG now owns 831,771 shares of the company's stock worth $16,610,000 after buying an additional 90,233 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of FS KKR Capital by 30.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company's stock worth $1,237,000 after acquiring an additional 14,977 shares in the last quarter. United Advisor Group LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at about $2,916,000. Cetera Advisors LLC increased its stake in shares of FS KKR Capital by 39.3% in the 1st quarter. Cetera Advisors LLC now owns 431,625 shares of the company's stock valued at $8,231,000 after purchasing an additional 121,754 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in FS KKR Capital by 117.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 99,389 shares of the company's stock worth $1,985,000 after purchasing an additional 53,594 shares during the period. Institutional investors and hedge funds own 36.26% of the company's stock.

Insider Activity

In related news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Daniel Pietrzak bought 5,000 shares of the firm's stock in a transaction 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 acquisition, the insider now directly owns 44,800 shares of the company's stock, valued at approximately $860,608. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the 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 disclosure for this sale can be found here. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

FSK has been the topic of several research analyst reports. 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. Wells Fargo & Company dropped their price target on shares of FS KKR Capital from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.06.

FS KKR Capital Price Performance

NYSE FSK traded up $0.32 during mid-day trading on Friday, hitting $19.74. The stock had a trading volume of 1,192,128 shares, compared to its average volume of 1,461,826. The firm's 50 day moving average is $19.91 and its 200 day moving average is $19.63. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 8.23 and a beta of 1.26. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.04. The business had revenue of $439.00 million during the quarter, compared to analysts' expectations of $426.41 million. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. During the same period in the prior year, the business earned $0.78 earnings per share. Equities research analysts forecast that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.64 per share. This represents a dividend yield of 13.33%. The ex-dividend date of this dividend is Wednesday, September 11th. FS KKR Capital's dividend payout ratio is currently 106.67%.

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.