Great Valley Advisor Group Inc. purchased a new stake in FS KKR Capital Corp (NYSE:FSK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,176 shares of the company’s stock, valued at approximately $65,000.
Other institutional investors also recently added to or reduced their stakes in the company. Horan Securities Inc. bought a new position in FS KKR Capital in the 2nd quarter valued at about $27,000. Hanson McClain Inc. bought a new position in FS KKR Capital in the 2nd quarter valued at about $31,000. Kistler Tiffany Companies LLC bought a new position in FS KKR Capital in the 2nd quarter valued at about $31,000. Gradient Investments LLC bought a new position in FS KKR Capital in the 2nd quarter valued at about $31,000. Finally, TCG Advisors LP bought a new position in FS KKR Capital in the 2nd quarter valued at about $33,000. 29.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:FSK opened at $5.76 on Tuesday. The company’s 50 day moving average price is $5.81 and its two-hundred day moving average price is $5.96. FS KKR Capital Corp has a 12-month low of $5.09 and a 12-month high of $6.85. The firm has a market cap of $2.98 billion, a PE ratio of 7.01, a PEG ratio of 2.58 and a beta of 1.11. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.84.
FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. FS KKR Capital had a net margin of 12.11% and a return on equity of 8.66%. The firm had revenue of $199.00 million for the quarter, compared to analyst estimates of $194.84 million. On average, research analysts expect that FS KKR Capital Corp will post 0.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 13.19%. FS KKR Capital’s payout ratio is presently 89.41%.
Several research analysts have weighed in on FSK shares. JPMorgan Chase & Co. raised shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target on the stock in a report on Friday, August 9th. Zacks Investment Research lowered shares of FS KKR Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine upgraded shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group assumed coverage on shares of FS KKR Capital in a research report on Thursday, October 10th. They set a “buy” rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.40.
In other news, Director Richard I. Goldstein purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $5.76 per share, for a total transaction of $28,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel Pietrzak purchased 10,000 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $5.65 per share, for a total transaction of $56,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 57,100 shares of company stock worth $335,795. Company insiders own 0.35% 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 seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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