Inspire Advisors LLC Buys 9,907 Shares of FS KKR Capital Corp. $FSK

Inspire Advisors LLC boosted its stake in FS KKR Capital Corp. (NYSE:FSK) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,700 shares of the company’s stock after purchasing an additional 9,907 shares during the period. Inspire Advisors LLC’s holdings in FS KKR Capital were worth $3,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bison Wealth LLC boosted its holdings in shares of FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after acquiring an additional 720 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in FS KKR Capital by 46.7% in the 1st quarter. Bank of New York Mellon Corp now owns 91,220 shares of the company’s stock worth $1,911,000 after purchasing an additional 29,031 shares in the last quarter. Gries Financial LLC raised its position in FS KKR Capital by 24.1% in the first quarter. Gries Financial LLC now owns 90,412 shares of the company’s stock valued at $1,894,000 after purchasing an additional 17,567 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of FS KKR Capital during the first quarter valued at about $1,037,000. Finally, Venturi Wealth Management LLC increased its stake in shares of FS KKR Capital by 18.3% in the first quarter. Venturi Wealth Management LLC now owns 92,387 shares of the company’s stock valued at $1,936,000 after buying an additional 14,305 shares during the period. Institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling at FS KKR Capital

In related news, CEO Michael C. Forman acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the completion of the acquisition, the chief executive officer owned 24,220 shares of the company’s stock, valued at approximately $375,410. This trade represents a 70.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Pietrzak bought 10,000 shares of FS KKR Capital stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $15.15 per share, with a total value of $151,500.00. Following the completion of the purchase, the insider owned 59,800 shares in the company, valued at $905,970. This trade represents a 20.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 20,330 shares of company stock valued at $312,480 in the last quarter. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Stock Down 1.7%

Shares of NYSE:FSK opened at $15.33 on Tuesday. FS KKR Capital Corp. has a 1 year low of $14.05 and a 1 year high of $24.10. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50-day moving average is $15.40 and its 200-day moving average is $18.57.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same quarter last year, the firm posted $0.74 earnings per share. On average, research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS 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 of this dividend is Wednesday, December 3rd. This represents a $2.56 annualized dividend and a dividend yield of 16.7%. FS KKR Capital’s dividend payout ratio (DPR) is 263.92%.

Analysts Set New Price Targets

A number of research firms have weighed in on FSK. Zacks Research lowered shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. cut their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Royal Bank Of Canada decreased their price objective on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Friday. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, FS KKR Capital has an average rating of “Reduce” and an average price target of $17.50.

FS KKR Capital 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.