Dynamic Technology Lab Private Ltd Acquires New Position in FS KKR Capital Corp. $FSK

Dynamic Technology Lab Private Ltd acquired a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 76,011 shares of the company’s stock, valued at approximately $1,135,000.

A number of other large investors have also recently bought and sold shares of the business. Atlantic Union Bankshares Corp acquired a new position in FS KKR Capital in the second quarter valued at approximately $26,000. Beacon Capital Management Inc. acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $26,000. Eastern Bank raised its position in shares of FS KKR Capital by 355.6% during the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 1,561 shares during the period. Rothschild Investment LLC lifted its holdings in shares of FS KKR Capital by 59.9% in the 3rd quarter. Rothschild Investment LLC now owns 3,194 shares of the company’s stock worth $48,000 after purchasing an additional 1,196 shares during the last quarter. Finally, Pineridge Advisors LLC lifted its holdings in shares of FS KKR Capital by 27.9% in the 2nd quarter. Pineridge Advisors LLC now owns 6,988 shares of the company’s stock worth $145,000 after purchasing an additional 1,525 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings downgraded FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Wells Fargo & Company cut their target price on FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Royal Bank Of Canada lowered their price target on shares of FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, February 27th. Finally, B. Riley Financial dropped their price objective on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $14.14.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $10.70 on Monday. FS KKR Capital Corp. has a 12-month low of $10.28 and a 12-month high of $22.95. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.05 and a quick ratio of 3.05. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 356.67 and a beta of 0.86. The business has a 50 day simple moving average of $13.54 and a 200 day simple moving average of $14.98.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. The business had revenue of $348.00 million for the quarter, compared to the consensus estimate of $361.59 million. During the same period in the previous year, the firm earned $0.66 EPS. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th will be paid a dividend of $0.03 per share. This represents a dividend yield of 1,595.0%. The ex-dividend date is Wednesday, March 18th. FS KKR Capital’s payout ratio is currently 6,000.00%.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average price of $11.25 per share, with a total value of $56,250.00. Following the completion of the acquisition, the insider directly owned 64,800 shares of the company’s stock, valued at $729,000. This trade represents a 8.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.