FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,747,770 shares of the company's stock after buying an additional 356,704 shares during the quarter. Van ECK Associates Corp owned about 2.05% of FS KKR Capital worth $117,886,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in shares of FS KKR Capital by 30.0% in the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company's stock valued at $1,237,000 after buying an additional 14,977 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of FS KKR Capital by 39.3% during the 1st quarter. Cetera Advisors LLC now owns 431,625 shares of the company's stock worth $8,231,000 after purchasing an additional 121,754 shares during the period. Waverly Advisors LLC acquired a new stake in shares of FS KKR Capital during the first quarter worth $2,473,000. LSV Asset Management grew its position in shares of FS KKR Capital by 3.2% in the first quarter. LSV Asset Management now owns 1,966,418 shares of the company's stock valued at $37,500,000 after purchasing an additional 60,700 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in FS KKR Capital by 30.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company's stock valued at $2,422,000 after purchasing an additional 28,889 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FSK. Royal Bank of Canada restated a "sector perform" rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $19.94.

FS KKR Capital Trading Down 0.5 %

FSK traded down $0.10 on Friday, reaching $20.14. 1,241,255 shares of the company's stock were exchanged, compared to its average volume of 1,055,415. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 8.91 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The company's 50 day moving average is $20.07 and its 200-day moving average is $19.92.

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. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. During the same quarter last year, the firm posted $0.78 EPS. Equities analysts predict that FS KKR Capital Corp. will post 2.86 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. Stockholders of record on Wednesday, December 4th will be given a $0.70 dividend. This is an increase from FS KKR Capital's previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. FS KKR Capital's dividend payout ratio is presently 113.27%.

Insider Transactions at FS KKR Capital

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

About FS KKR Capital

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.