FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 1,967.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,165,817 shares of the company's stock after acquiring an additional 3,012,711 shares during the quarter. International Assets Investment Management LLC owned approximately 1.13% of FS KKR Capital worth $62,462,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in shares of FS KKR Capital during the second quarter valued at about $30,000. Ridgewood Investments LLC purchased a new stake in shares of FS KKR Capital during the second quarter valued at about $37,000. Rothschild Investment LLC purchased a new stake in shares of FS KKR Capital during the second quarter valued at about $39,000. Financial Gravity Asset Management Inc. lifted its position in shares of FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company's stock valued at $42,000 after buying an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC purchased a new stake in shares of FS KKR Capital during the second quarter valued at about $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares of the company's stock, valued at $860,608. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Daniel Pietrzak acquired 5,000 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares of the company's stock, valued at $860,608. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the firm's 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 disclosure for this sale can be found here. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $20.06.

FS KKR Capital Stock Performance

NYSE:FSK traded down $0.11 during midday trading on Friday, hitting $20.67. The company's stock had a trading volume of 945,987 shares, compared to its average volume of 1,208,530. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The firm's 50 day moving average is $20.01 and its 200-day moving average is $19.87. 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 firm has a market cap of $5.79 billion, a P/E ratio of 9.15 and a beta of 1.25.

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

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is an increase from FS KKR Capital's previous None dividend of $0.64. FS KKR Capital's dividend payout ratio is 113.27%.

FS KKR Capital 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.