FS KKR Capital Corp. $FSK Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc raised its position in FS KKR Capital Corp. (NYSE:FSK) by 54.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,771 shares of the company’s stock after purchasing an additional 16,556 shares during the period. Prospera Financial Services Inc’s holdings in FS KKR Capital were worth $971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in shares of FS KKR Capital by 0.7% in the second quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock valued at $89,514,000 after buying an additional 28,619 shares during the last quarter. LPL Financial LLC boosted its position in FS KKR Capital by 2.8% during the first quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock worth $77,144,000 after acquiring an additional 98,647 shares during the last quarter. Generali Asset Management SPA SGR grew its stake in FS KKR Capital by 21.7% during the 2nd quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock valued at $51,569,000 after acquiring an additional 442,374 shares in the last quarter. Cura Wealth Advisors LLC raised its holdings in FS KKR Capital by 1.1% in the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock valued at $37,387,000 after acquiring an additional 19,367 shares during the last quarter. Finally, CCLA Investment Management purchased a new position in FS KKR Capital in the 2nd quarter worth approximately $33,463,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other news, CEO Michael C. Forman bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were bought at an average price of $15.50 per share, with a total value of $155,000.00. Following the completion of the transaction, the chief executive officer directly owned 24,220 shares in the company, valued at $375,410. This trade represents a 70.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Pietrzak purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the purchase, the insider directly owned 59,800 shares of the company’s stock, valued at $905,970. This represents a 20.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 20,330 shares of company stock worth $312,480. Company insiders own 0.18% of the company’s stock.

FS KKR Capital Stock Up 0.9%

NYSE FSK opened at $15.63 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a twelve month low of $14.05 and a twelve month high of $24.10. The stock has a fifty day simple moving average of $15.55 and a 200-day simple moving average of $18.67.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The firm had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. During the same period in the previous year, the firm earned $0.74 EPS. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s payout ratio is 263.92%.

Wall Street Analyst Weigh In

FSK has been the subject of a number of analyst reports. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Royal Bank Of Canada lowered their price objective on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.67.

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.