Van ECK Associates Corp Raises Position in FS KKR Capital Corp. (NYSE:FSK)

Van ECK Associates Corp boosted its stake in FS KKR Capital Corp. (NYSE:FSK) by 152.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,313,235 shares of the company’s stock after buying an additional 1,397,664 shares during the quarter. Van ECK Associates Corp’s holdings in FS KKR Capital were worth $49,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FSK. Stonebridge Capital Advisors LLC purchased a new stake in FS KKR Capital in the first quarter worth about $28,000. Huntington National Bank purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $28,000. Parkside Financial Bank & Trust purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $28,000. Lloyd Advisory Services LLC. purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $31,000. Finally, Private Ocean LLC lifted its holdings in shares of FS KKR Capital by 681.9% during the second quarter. Private Ocean LLC now owns 1,470 shares of the company’s stock valued at $32,000 after purchasing an additional 1,282 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Shares of FSK opened at $22.28 on Wednesday. The company has a market capitalization of $6.35 billion, a P/E ratio of 2.18 and a beta of 1.60. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average of $22.06 and a 200 day moving average of $21.39. FS KKR Capital Corp. has a twelve month low of $14.22 and a twelve month high of $23.44.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Monday, August 9th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.13. FS KKR Capital had a net margin of 212.44% and a return on equity of 8.39%. The company had revenue of $206.00 million during the quarter, compared to the consensus estimate of $146.75 million. On average, sell-side analysts expect that FS KKR Capital Corp. will post 2.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 4th. Shareholders of record on Wednesday, September 15th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 11.67%. The ex-dividend date is Tuesday, September 14th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.60. FS KKR Capital’s payout ratio is 87.27%.

In other FS KKR Capital news, insider Brian Gerson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 26th. The stock was purchased at an average price of $22.95 per share, with a total value of $114,750.00. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $114,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael C. Forman acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 17th. The shares were acquired at an average cost of $22.98 per share, with a total value of $229,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 23,940 shares of company stock valued at $550,308. 0.18% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on FSK shares. TheStreet upgraded shares of FS KKR Capital from a “c” rating to a “b-” rating in a report on Tuesday, June 1st. Zacks Investment Research lowered shares of FS KKR Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Finally, Royal Bank of Canada started coverage on shares of FS KKR Capital in a report on Thursday, June 17th. They set a “sector perform” rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.10.

FS KKR Capital Company Profile

FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation.

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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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