FS KKR Capital Corp. $FSK Shares Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,588 shares of the company’s stock after buying an additional 10,244 shares during the quarter. Waterloo Capital L.P.’s holdings in FS KKR Capital were worth $4,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Trust Co. of Vermont grew its holdings in FS KKR Capital by 51.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after buying an additional 515 shares during the period. CFO4Life Group LLC grew its stake in FS KKR Capital by 3.0% during the second quarter. CFO4Life Group LLC now owns 20,081 shares of the company’s stock worth $417,000 after buying an additional 578 shares during the period. West Michigan Advisors LLC increased its holdings in FS KKR Capital by 1.5% in the 2nd quarter. West Michigan Advisors LLC now owns 41,194 shares of the company’s stock valued at $884,000 after purchasing an additional 591 shares in the last quarter. Wescott Financial Advisory Group LLC grew its stake in shares of FS KKR Capital by 2.8% in the second quarter. Wescott Financial Advisory Group LLC now owns 22,949 shares of the company’s stock valued at $476,000 after buying an additional 615 shares in the last quarter. Finally, Bison Wealth LLC grew its position in FS KKR Capital by 3.4% in the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after acquiring an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock opened at $15.62 on Friday. The stock’s fifty day moving average is $15.21 and its 200-day moving average is $18.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 12-month low of $14.05 and a 12-month high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $374.89 million. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. During the same period last year, the company posted $0.74 earnings per share. Equities research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. dropped their target price on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Zacks Research downgraded FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Keefe, Bruyette & Woods cut their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Finally, Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a research report on Monday, October 6th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $17.50.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the acquisition, the insider owned 59,800 shares in the company, valued at approximately $905,970. The trade was a 20.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael C. Forman purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average cost of $15.50 per share, with a total value of $155,000.00. Following the completion of the purchase, the chief executive officer directly owned 24,220 shares in the company, valued at approximately $375,410. This represents a 70.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 20,330 shares of company stock worth $312,480 in the last quarter. 0.18% of the stock is owned by corporate insiders.

About FS KKR Capital

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.