Gerber Kawasaki Wealth & Investment Management Raises Position in FS KKR Capital Corp. (NYSE:FSK)

Gerber Kawasaki Wealth & Investment Management raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 134.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,768 shares of the company’s stock after purchasing an additional 36,568 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in FS KKR Capital were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aspire Private Capital LLC purchased a new stake in shares of FS KKR Capital during the first quarter valued at approximately $15,965,500,000. Ridgewood Investments LLC purchased a new stake in shares of FS KKR Capital during the first quarter valued at approximately $34,000. Worth Asset Management LLC purchased a new stake in shares of FS KKR Capital during the first quarter valued at approximately $43,000. Retirement Group LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $39,000. Finally, CVA Family Office LLC purchased a new stake in shares of FS KKR Capital during the first quarter valued at approximately $44,000. 33.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSK. Oppenheimer increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Wednesday, August 9th. TheStreet downgraded FS KKR Capital from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Finally, B. Riley initiated coverage on FS KKR Capital in a research report on Thursday, July 27th. They issued a “buy” rating and a $21.00 target price for the company. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $20.92.

Insider Transactions at FS KKR Capital

In related news, insider Brian Gerson purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average cost of $20.36 per share, with a total value of $40,720.00. Following the completion of the acquisition, the insider now directly owns 10,109 shares of the company’s stock, valued at $205,819.24. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $20.12 per share, with a total value of $100,600.00. Following the completion of the purchase, the insider now owns 32,500 shares of the company’s stock, valued at $653,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Gerson acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $20.36 per share, with a total value of $40,720.00. Following the purchase, the insider now directly owns 10,109 shares of the company’s stock, valued at approximately $205,819.24. The disclosure for this purchase can be found here. Insiders purchased 8,750 shares of company stock valued at $176,923 over the last three months. Company insiders own 0.22% of the company’s stock.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $19.82 on Wednesday. FS KKR Capital Corp. has a one year low of $16.70 and a one year high of $20.81. The business has a fifty day moving average price of $20.05 and a 200-day moving average price of $19.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $5.55 billion, a P/E ratio of 19.62 and a beta of 1.38.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. FS KKR Capital had a return on equity of 12.43% and a net margin of 15.80%. The firm had revenue of $462.00 million during the quarter, compared to analyst estimates of $449.67 million. During the same period last year, the company earned $0.67 earnings per share. As a group, equities research analysts forecast that FS KKR Capital Corp. will post 3.08 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 13th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, September 12th. FS KKR Capital’s payout ratio is currently 253.47%.

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.