Geneos Wealth Management Inc. Purchases 205,823 Shares of FS KKR Capital Corp. $FSK

Geneos Wealth Management Inc. lifted its position in FS KKR Capital Corp. (NYSE:FSK) by 58.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 559,345 shares of the company’s stock after buying an additional 205,823 shares during the period. Geneos Wealth Management Inc.’s holdings in FS KKR Capital were worth $11,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FSK. Bison Wealth LLC boosted 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 worth $476,000 after purchasing an additional 720 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of FS KKR Capital in the 1st quarter worth approximately $576,000. HighTower Advisors LLC boosted its holdings in shares of FS KKR Capital by 6.2% in the first quarter. HighTower Advisors LLC now owns 248,002 shares of the company’s stock worth $5,196,000 after buying an additional 14,500 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of FS KKR Capital in the first quarter worth approximately $34,000. Finally, Ethos Financial Group LLC bought a new stake in FS KKR Capital during the first quarter valued at approximately $4,888,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.1%

Shares of FSK stock opened at $15.42 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $15.28 and a two-hundred day simple moving average of $17.93. FS KKR Capital Corp. has a 52-week low of $14.05 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The firm had revenue of $373.00 million during the quarter, compared to analyst estimates of $374.89 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $2.56 annualized dividend and a dividend yield of 16.6%. FS KKR Capital’s dividend payout ratio (DPR) is presently 263.92%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada cut their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. decreased their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, FS KKR Capital has an average rating of “Hold” and a consensus target price of $17.50.

Insider Buying and Selling at FS KKR Capital

In related news, CEO Michael C. Forman bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the completion of the transaction, the chief executive officer owned 24,220 shares in the company, valued at $375,410. The trade was a 70.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Pietrzak bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost of $15.15 per share, with a total value 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 position. The disclosure for this purchase is available in the SEC filing. 0.18% of the stock is currently owned by insiders.

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.