First National Trust Co Buys 50,327 Shares of FS KKR Capital Corp. (NYSE:FSK)

First National Trust Co raised its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 108.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,636 shares of the company’s stock after acquiring an additional 50,327 shares during the quarter. First National Trust Co’s holdings in FS KKR Capital were worth $1,907,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fountainhead AM LLC grew its stake in FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock worth $15,798,000 after purchasing an additional 71,644 shares during the period. Sigma Planning Corp increased its stake in shares of FS KKR Capital by 11.0% in the 3rd quarter. Sigma Planning Corp now owns 193,681 shares of the company’s stock worth $3,821,000 after acquiring an additional 19,210 shares in the last quarter. Confluence Investment Management LLC boosted its stake in FS KKR Capital by 1.9% during the third quarter. Confluence Investment Management LLC now owns 52,668 shares of the company’s stock worth $1,039,000 after acquiring an additional 991 shares in the last quarter. Graypoint LLC grew its holdings in FS KKR Capital by 3.5% in the third quarter. Graypoint LLC now owns 113,330 shares of the company’s stock worth $2,236,000 after purchasing an additional 3,782 shares during the period. Finally, Maia Wealth LLC increased its stake in shares of FS KKR Capital by 10.4% during the third quarter. Maia Wealth LLC now owns 572,864 shares of the company’s stock valued at $11,904,000 after purchasing an additional 53,954 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

FSK has been the topic of a number of analyst reports. Royal Bank of Canada reissued 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 cut their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and an average price target of $19.94.

Insider Buying and Selling

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Trading Down 0.4 %

FS KKR Capital stock opened at $21.01 on Wednesday. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $21.24. The business’s fifty day moving average is $20.13 and its 200 day moving average is $19.98. The stock has a market capitalization of $5.88 billion, a PE ratio of 11.27 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 announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.25%. During the same period in the previous year, the business posted $0.80 earnings per share. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.87 EPS for the current 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 issued a dividend of $0.70 per share. This represents a dividend yield of 12.7%. 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. FS KKR Capital’s dividend payout ratio is presently 136.17%.

FS KKR Capital Company 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.