AA Financial Advisors LLC Acquires 14,712 Shares of FS KKR Capital Corp. (NYSE:FSK)

AA Financial Advisors LLC raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 17.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,429 shares of the company’s stock after purchasing an additional 14,712 shares during the quarter. AA Financial Advisors LLC’s holdings in FS KKR Capital were worth $1,962,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FSK. Commonwealth Equity Services LLC boosted its holdings in shares of 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 valued at $84,487,000 after purchasing an additional 188,542 shares during the period. Secure Asset Management LLC bought a new stake in FS KKR Capital during the 3rd quarter valued at $311,000. Good Life Advisors LLC lifted its holdings in shares of FS KKR Capital by 92.0% in the 3rd quarter. Good Life Advisors LLC now owns 20,878 shares of the company’s stock worth $412,000 after buying an additional 10,002 shares during the period. nVerses Capital LLC bought a new position in shares of FS KKR Capital during the 3rd quarter worth $211,000. Finally, Naviter Wealth LLC increased its stake in shares of FS KKR Capital by 1.7% during the third quarter. Naviter Wealth LLC now owns 245,504 shares of the company’s stock valued at $5,011,000 after buying an additional 4,015 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FSK. 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 note on Wednesday, August 14th. Wells Fargo & Company dropped their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Six 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.com, FS KKR Capital presently has an average rating of “Hold” and an average target price of $20.06.

FS KKR Capital Stock Up 0.2 %

FS KKR Capital stock opened at $20.52 on Friday. The business has a fifty day moving average price of $19.88 and a 200-day moving average price of $19.81. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 8.55 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.

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

FS KKR Capital Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio is presently 106.67%.

Insiders Place Their Bets

In other news, CEO Michael C. Forman sold 195,139 shares of the business’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now directly owns 44,800 shares in the company, valued at $860,608. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Corporate insiders own 0.25% of the company’s stock.

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.