A&I Financial Services LLC Invests $225,000 in FS KKR Capital Corp. (NYSE:FSK)

A&I Financial Services LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,338 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors also recently modified their holdings of the business. Muzinich & Co. Inc. raised its holdings in shares of FS KKR Capital by 9.0% during the 4th quarter. Muzinich & Co. Inc. now owns 560,981 shares of the company’s stock worth $12,185,000 after buying an additional 46,542 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of FS KKR Capital during the 4th quarter worth $348,000. Canton Hathaway LLC raised its holdings in shares of FS KKR Capital by 24.3% during the 4th quarter. Canton Hathaway LLC now owns 14,920 shares of the company’s stock worth $324,000 after buying an additional 2,920 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FS KKR Capital by 75.2% during the 4th quarter. Bank of New York Mellon Corp now owns 62,189 shares of the company’s stock worth $1,351,000 after buying an additional 26,703 shares in the last quarter. Finally, Acorn Wealth Advisors LLC raised its holdings in shares of FS KKR Capital by 2.4% during the 4th quarter. Acorn Wealth Advisors LLC now owns 47,280 shares of the company’s stock worth $1,027,000 after buying an additional 1,088 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the transaction, the insider now directly owns 15,109 shares in the company, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 11,500 shares of company stock worth $248,910 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Down 0.3 %

NYSE FSK opened at $22.83 on Friday. The business’s 50-day moving average price is $22.50 and its two-hundred day moving average price is $21.19. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $24.10. The firm has a market capitalization of $6.39 billion, a PE ratio of 12.14 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. On average, analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 12.27%. FS KKR Capital’s payout ratio is 136.17%.

Analyst Ratings Changes

A number of equities analysts have recently commented on FSK shares. JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, Royal Bank of Canada upped their target price on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.79.

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.