US Bancorp DE raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 115.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,103 shares of the company’s stock after buying an additional 1,661 shares during the period. US Bancorp DE’s holdings in FS KKR Capital were worth $67,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Stonebridge Capital Advisors LLC acquired a new stake in shares of FS KKR Capital during the 1st quarter valued at $28,000. Huntington National Bank bought a new position in shares of FS KKR Capital during the 2nd quarter valued at $28,000. Private Ocean LLC raised its holdings in shares of FS KKR Capital by 681.9% during the 2nd 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 in the last quarter. IAG Wealth Partners LLC bought a new position in shares of FS KKR Capital during the 2nd quarter valued at $34,000. Finally, TCI Wealth Advisors Inc. bought a new position in shares of FS KKR Capital during the 2nd quarter valued at $40,000. 30.79% of the stock is owned by institutional investors.
In other FS KKR Capital news, CAO William Balke Goebel purchased 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 18th. The stock was acquired at an average cost of $22.92 per share, with a total value of $25,212.00. Following the completion of the purchase, the chief accounting officer now directly owns 4,459 shares in the company, valued at approximately $102,200.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Todd C. Builione purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 13th. The shares were acquired at an average cost of $23.11 per share, with a total value of $115,550.00. The disclosure for this purchase can be found here. Insiders have bought 23,940 shares of company stock worth $550,308 over the last quarter. 0.18% of the stock is owned by company insiders.
FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Monday, August 9th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.13. The firm had revenue of $206.00 million for the quarter, compared to analyst estimates of $146.75 million. FS KKR Capital had a net margin of 212.44% and a return on equity of 8.39%. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 4th. Stockholders of record on Wednesday, September 15th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 11.95%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, September 14th. FS KKR Capital’s dividend payout ratio is presently 94.55%.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of FS KKR Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Royal Bank of Canada began coverage on shares of FS KKR Capital in a report on Thursday, June 17th. They issued a “sector perform” rating and a $23.00 target price on the stock. Finally, TheStreet upgraded shares of FS KKR Capital from a “c” rating to a “b-” rating in a report on Tuesday, June 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.10.
FS KKR Capital 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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