Sunpointe LLC Buys New Holdings in FS KKR Capital Corp. (NYSE:FSK)

Sunpointe LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,998 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also bought and sold shares of FSK. Virtu Financial LLC acquired a new position in FS KKR Capital during the fourth quarter valued at $395,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of FS KKR Capital by 15.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 44,969 shares of the company’s stock worth $929,000 after buying an additional 6,185 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in FS KKR Capital by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,008 shares of the company’s stock worth $459,000 after acquiring an additional 2,858 shares during the period. Confluence Investment Management LLC purchased a new position in FS KKR Capital during the first quarter valued at approximately $962,000. Finally, Mather Group LLC. acquired a new position in FS KKR Capital in the first quarter valued at approximately $39,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price 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 $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.06.

FS KKR Capital Price Performance

Shares of FSK stock traded up $0.10 on Wednesday, reaching $20.34. 72,662 shares of the company were exchanged, compared to its average volume of 1,428,032. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 8.43 and a beta of 1.25. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The business has a 50-day moving average price of $19.80 and a 200 day moving average price of $19.79. 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 (NYSE:FSK) last announced 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. The business had revenue of $439.00 million during 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 quarter in the prior year, the firm earned $0.78 earnings per share. Equities research 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 disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.70 dividend. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is currently 106.67%.

Insider Buying and Selling at FS KKR Capital

In other 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FS KKR Capital news, insider Daniel Pietrzak bought 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 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the company’s 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. 0.25% of the stock is currently owned by insiders.

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.