369,509 Shares in FS KKR Capital Corp. (NYSE:FSK) Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 369,509 shares of the company's stock, valued at approximately $7,290,000. Flagship Harbor Advisors LLC owned 0.13% of FS KKR Capital as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of FS KKR Capital by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 23,008 shares of the company's stock worth $459,000 after acquiring an additional 2,858 shares during the period. Mather Group LLC. acquired a new stake in shares of FS KKR Capital in the first quarter worth approximately $39,000. AdvisorNet Financial Inc grew its stake in shares of FS KKR Capital by 89.6% during the 1st quarter. AdvisorNet Financial Inc now owns 45,984 shares of the company's stock valued at $877,000 after buying an additional 21,729 shares during the period. Global Assets Advisory LLC acquired a new position in FS KKR Capital in the first quarter valued at $3,339,000. Finally, Disciplined Investments LLC acquired a new position in shares of FS KKR Capital in the 1st quarter valued at about $238,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FSK shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company lowered their price objective on FS KKR Capital from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, FS KKR Capital currently has a consensus rating of "Hold" and an average price target of $20.06.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the company'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael C. Forman sold 195,139 shares of the company'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Pietrzak bought 5,000 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares of the company's stock, valued at approximately $860,608. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company's stock.

FS KKR Capital Stock Performance

NYSE:FSK traded down $0.21 during mid-day trading on Tuesday, hitting $20.60. The stock had a trading volume of 1,113,495 shares, compared to its average volume of 1,426,839. 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 company has a 50 day simple moving average of $19.94 and a 200-day simple moving average of $19.84. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 8.58 and a beta of 1.25. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, research analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. 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 (DPR) 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.