Generali Investments CEE investicni spolecnost a.s. Purchases 3,504 Shares of FS KKR Capital Corp. $FSK

Generali Investments CEE investicni spolecnost a.s. boosted its position in FS KKR Capital Corp. (NYSE:FSK) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,351 shares of the company’s stock after purchasing an additional 3,504 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in FS KKR Capital were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FSK. Goldman Sachs Group Inc. increased its position in shares of FS KKR Capital by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 267,890 shares of the company’s stock worth $5,612,000 after acquiring an additional 32,258 shares during the period. Legacy Capital Group California Inc. increased its position in shares of FS KKR Capital by 14.2% during the second quarter. Legacy Capital Group California Inc. now owns 199,187 shares of the company’s stock worth $4,133,000 after acquiring an additional 24,758 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of FS KKR Capital by 35.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,920 shares of the company’s stock worth $607,000 after acquiring an additional 7,620 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in shares of FS KKR Capital during the first quarter worth approximately $6,383,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of FS KKR Capital by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 16,971 shares of the company’s stock worth $356,000 after acquiring an additional 945 shares during the period. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK stock opened at $14.94 on Wednesday. The stock has a 50 day simple moving average of $18.08 and a two-hundred day simple moving average of $19.75. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. FS KKR Capital Corp. has a fifty-two week low of $14.89 and a fifty-two week high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). The business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, September 17th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a yield of 18.7%. FS KKR Capital’s dividend payout ratio is presently 328.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FSK. Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a research report on Friday, August 8th. Royal Bank Of Canada reduced their target price on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Wells Fargo & Company reduced their target price on shares of FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, August 8th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $18.42.

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.