Envestnet Asset Management Inc. boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK – Free Report) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 224,854 shares of the company’s stock after purchasing an additional 7,562 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of FS KKR Capital worth $4,313,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Dfpg Investments LLC lifted its position in shares of FS KKR Capital by 23.4% in the second quarter. Dfpg Investments LLC now owns 43,545 shares of the company’s stock valued at $874,000 after acquiring an additional 8,248 shares in the last quarter. PFG Investments LLC purchased a new stake in shares of FS KKR Capital in the first quarter valued at $240,000. Ares Management LLC lifted its position in shares of FS KKR Capital by 11.7% in the first quarter. Ares Management LLC now owns 567,773 shares of the company’s stock valued at $10,504,000 after acquiring an additional 59,300 shares in the last quarter. Diligent Investors LLC lifted its position in shares of FS KKR Capital by 2.4% in the second quarter. Diligent Investors LLC now owns 82,675 shares of the company’s stock valued at $1,586,000 after acquiring an additional 1,942 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of FS KKR Capital by 43.1% in the second quarter. Sound Income Strategies LLC now owns 13,112 shares of the company’s stock valued at $251,000 after acquiring an additional 3,946 shares in the last quarter. 33.42% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. TheStreet upgraded FS KKR Capital from a “c” rating to a “b-” rating in a research report on Thursday, November 9th. B. Riley assumed coverage on FS KKR Capital in a research report on Thursday, July 27th. They set a “buy” rating and a $21.00 target price on the stock. They noted that the move was a valuation call. Finally, Oppenheimer increased their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.88.
In related news, insider Brian Gerson bought 2,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $20.36 per share, for a total transaction of $40,720.00. Following the completion of the purchase, the insider now owns 10,109 shares in the company, valued at $205,819.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders purchased 3,750 shares of company stock worth $76,323. 0.22% of the stock is currently owned by corporate insiders.
FS KKR Capital Stock Performance
Shares of NYSE:FSK opened at $19.89 on Tuesday. The firm has a market capitalization of $5.57 billion, a PE ratio of 8.25 and a beta of 1.35. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.75 and a quick ratio of 1.75. The business has a 50-day moving average of $19.55 and a two-hundred day moving average of $19.61. FS KKR Capital Corp. has a 12 month low of $17.06 and a 12 month high of $20.80.
FS KKR Capital (NYSE:FSK – Get Free Report) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $465.00 million during the quarter, compared to analyst estimates of $455.68 million. FS KKR Capital had a return on equity of 12.74% and a net margin of 36.74%. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, research analysts forecast that FS KKR Capital Corp. will post 3.12 earnings per share for the current year.
FS KKR Capital Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 12th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.06. This represents a $2.80 annualized dividend and a yield of 14.08%. FS KKR Capital’s dividend payout ratio is currently 106.22%.
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.
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