Proactive Wealth Strategies LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Proactive Wealth Strategies LLC acquired a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 52,040 shares of the company's stock, valued at approximately $1,027,000.

A number of other hedge funds have also bought and sold shares of FSK. Van ECK Associates Corp lifted its stake in FS KKR Capital by 6.6% in the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company's stock worth $117,886,000 after acquiring an additional 356,704 shares during the period. Commonwealth Equity Services LLC raised its holdings in FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company's stock worth $84,487,000 after purchasing an additional 188,542 shares in the last quarter. LPL Financial LLC raised its holdings in FS KKR Capital by 1.8% in the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company's stock worth $66,141,000 after purchasing an additional 59,240 shares in the last quarter. International Assets Investment Management LLC raised its holdings in FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company's stock worth $62,462,000 after purchasing an additional 3,012,711 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in FS KKR Capital by 21.0% in the first quarter. Kestra Advisory Services LLC now owns 1,218,960 shares of the company's stock worth $23,411,000 after purchasing an additional 211,961 shares in the last quarter. Institutional investors own 36.26% of the company's stock.

Insider Activity

In other news, CEO Michael C. Forman sold 195,139 shares of the 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

FSK has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.94.

FS KKR Capital Stock Performance

FS KKR Capital stock traded down $0.07 during mid-day trading on Tuesday, hitting $21.01. The company had a trading volume of 1,239,711 shares, compared to its average volume of 1,416,356. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $21.24. The company's fifty day moving average is $20.13 and its 200-day moving average is $19.98. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 11.27 and a beta of 1.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.25% and a net margin of 29.98%. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the prior year, the firm posted $0.80 EPS. Equities research analysts predict that FS KKR Capital Corp. will post 2.87 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently disclosed 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 represents a 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 is currently 136.17%.

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.