Legal & General Group Plc Has $44.55 Million Stake in FS KKR Capital Corp. $FSK

Legal & General Group Plc increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,147,309 shares of the company’s stock after acquiring an additional 66,943 shares during the quarter. Legal & General Group Plc’s holdings in FS KKR Capital were worth $44,546,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in FS KKR Capital during the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in shares of FS KKR Capital during the first quarter valued at about $29,000. Trust Co. of Vermont boosted its position in shares of FS KKR Capital by 51.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock worth $32,000 after purchasing an additional 515 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of FS KKR Capital during the 1st quarter worth about $34,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of FS KKR Capital in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 10,000 shares of FS KKR Capital stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the transaction, the insider owned 59,800 shares in the company, valued at $905,970. This represents a 20.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman acquired 10,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, the chief executive officer directly owned 24,220 shares of the company’s stock, valued at $375,410. The trade was a 70.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 20,330 shares of company stock valued at $312,480. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FSK. Royal Bank Of Canada dropped their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Friday, November 14th. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th. JPMorgan Chase & Co. cut their target price on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company raised shares of 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $17.50.

FS KKR Capital Stock Up 1.0%

Shares of FSK stock opened at $16.13 on Thursday. 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 52-week low of $14.05 and a 52-week high of $24.10. The company has a 50-day simple moving average of $15.17 and a two-hundred day simple moving average of $18.37.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $373.00 million for the quarter, compared to the consensus estimate of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same quarter in the previous year, the business earned $0.74 EPS. As a group, sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders 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 yield of 15.9%. The ex-dividend date is Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is 263.92%.

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.