FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in FS KKR Capital Corp. (NYSE:FSK) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,282,146 shares of the company’s stock after purchasing an additional 188,542 shares during the period. Commonwealth Equity Services LLC owned 1.53% of FS KKR Capital worth $84,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in FS KKR Capital in the second quarter valued at approximately $30,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter valued at $37,000. Mather Group LLC. purchased a new stake in FS KKR Capital in the first quarter valued at $39,000. Rothschild Investment LLC purchased a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. boosted its position in shares of FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on FSK. 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. Wells Fargo & Company decreased their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.06.

Insider Buying and Selling

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael C. Forman sold 195,139 shares of the 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, the insider now owns 44,800 shares in the company, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

NYSE:FSK opened at $20.52 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The firm’s fifty day simple moving average is $19.88 and its 200-day simple moving average is $19.81. The stock has a market cap of $5.75 billion, a PE ratio of 8.55 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $426.41 million. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. During the same period last year, the company posted $0.78 earnings per share. Analysts expect 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 declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is 106.67%.

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.