Private Advisor Group LLC Buys 35,455 Shares of FS KKR Capital Corp. (NYSE:FSK)

Private Advisor Group LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 894,704 shares of the company's stock after purchasing an additional 35,455 shares during the quarter. Private Advisor Group LLC owned about 0.32% of FS KKR Capital worth $17,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FSK. Atticus Wealth Management LLC boosted its position in shares of FS KKR Capital by 14.1% during the first quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company's stock valued at $87,000 after buying an additional 562 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of FS KKR Capital by 1.4% during the 2nd quarter. Wedbush Securities Inc. now owns 40,380 shares of the company's stock valued at $797,000 after acquiring an additional 573 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of FS KKR Capital by 3.2% in the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company's stock worth $477,000 after acquiring an additional 719 shares during the period. CFO4Life Group LLC raised its holdings in shares of FS KKR Capital by 2.6% during the first quarter. CFO4Life Group LLC now owns 31,110 shares of the company's stock valued at $593,000 after purchasing an additional 775 shares during the last quarter. Finally, Choreo LLC raised its holdings in shares of FS KKR Capital by 3.1% during the first quarter. Choreo LLC now owns 30,116 shares of the company's stock valued at $574,000 after purchasing an additional 897 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FSK shares. Royal Bank of Canada reaffirmed 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 cut their price objective on FS KKR Capital from $22.00 to $21.00 and set an "overweight" rating for the company in a report 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. According to data from MarketBeat, FS KKR Capital currently has a consensus rating of "Hold" and a consensus target price of $20.06.

FS KKR Capital Stock Performance

FS KKR Capital stock traded up $0.27 during trading on Thursday, reaching $20.78. The company had a trading volume of 1,146,567 shares, compared to its average volume of 1,424,825. The firm's 50-day simple moving average is $19.96 and its 200 day simple moving average is $19.85. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week 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 $5.82 billion, a price-to-earnings ratio of 8.55 and a beta of 1.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.04. The firm had revenue of $439.00 million for the quarter, compared to analysts' expectations 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 previous year, the firm earned $0.78 EPS. Sell-side analysts forecast that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.70 dividend. This is a positive change from FS KKR Capital's previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital's dividend payout ratio is presently 106.67%.

Insider Transactions at FS KKR Capital

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

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.