United Advisor Group LLC Grows Stock Position in FS KKR Capital Corp. (NYSE:FSK)

United Advisor Group LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK) by 0.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 260,195 shares of the company’s stock after buying an additional 1,257 shares during the quarter. FS KKR Capital makes up 1.2% of United Advisor Group LLC’s holdings, making the stock its 18th largest position. United Advisor Group LLC owned about 0.09% of FS KKR Capital worth $5,134,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in FS KKR Capital by 1,967.7% in the 3rd 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. Sanctuary Advisors LLC acquired a new stake in FS KKR Capital during the second quarter valued at $19,544,000. Cetera Investment Advisers increased its holdings in FS KKR Capital by 368.3% in the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock valued at $16,911,000 after buying an additional 697,453 shares in the last quarter. Maia Wealth LLC acquired a new position in shares of FS KKR Capital in the second quarter worth about $10,560,000. Finally, 1832 Asset Management L.P. grew its position in shares of FS KKR Capital by 529.7% during the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after acquiring an additional 513,239 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

FSK stock opened at $20.04 on Tuesday. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. 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 has a market capitalization of $5.61 billion, a PE ratio of 8.87 and a beta of 1.25. The business has a 50 day simple moving average of $20.07 and a 200-day simple moving average of $19.92.

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 the consensus estimate 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 company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $426.41 million. During the same period in the prior year, the business earned $0.78 EPS. Equities research analysts anticipate 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 $0.70 dividend. This is a boost 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 dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio is 113.27%.

Analyst Ratings Changes

A number of equities analysts have issued reports on FSK shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company dropped their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Six 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 presently has an average rating of “Hold” and an average target price of $19.94.

Insider Activity

In related news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The disclosure for this purchase 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.