Raymond James & Associates decreased its position in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 56.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,039 shares of the company's stock after selling 163,498 shares during the quarter. Raymond James & Associates' holdings in FS KKR Capital were worth $2,487,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in FS KKR Capital in the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital during the second quarter valued at $37,000. Rothschild Investment LLC acquired a new position in FS KKR Capital in the second quarter valued at about $39,000. Financial Gravity Asset Management Inc. raised 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 worth $42,000 after purchasing an additional 1,421 shares during the period. Finally, New Millennium Group LLC acquired a new stake in shares of FS KKR Capital during the second quarter worth about $50,000. Institutional investors own 36.26% of the company's stock.
Insider Activity at FS KKR Capital
In other news, CEO Michael C. Forman sold 195,139 shares of the firm'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were 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 directly owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. Insiders own 0.25% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on FSK. Wells Fargo & Company dropped their price target on FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, FS KKR Capital has an average rating of "Hold" and a consensus target price of $19.94.
Check Out Our Latest Report on FSK
FS KKR Capital Trading Up 2.6 %
Shares of FS KKR Capital stock traded up $0.53 on Wednesday, reaching $20.82. The company had a trading volume of 1,570,802 shares, compared to its average volume of 1,411,780. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 9.21 and a beta of 1.25. 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's 50-day moving average price is $20.09 and its two-hundred day moving average price is $19.94. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99.
FS KKR Capital (NYSE:FSK - Get Free Report) last announced its 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. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate 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 business earned $0.78 EPS. As a group, research analysts predict 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 announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a boost from FS KKR Capital's previous None dividend of $0.64. FS KKR Capital's dividend payout ratio is presently 113.27%.
About FS KKR Capital
(
Free Report)
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.
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