Pinkerton Retirement Specialists LLC purchased a new stake in FS KKR Capital Corp (NYSE:FSK) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 202,871 shares of the company’s stock, valued at approximately $1,209,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dfpg Investments Inc. bought a new stake in FS KKR Capital during the 2nd quarter valued at approximately $1,003,000. Edge Wealth Management LLC bought a new stake in FS KKR Capital during the 2nd quarter valued at approximately $513,000. Brookstone Capital Management bought a new stake in FS KKR Capital during the 2nd quarter valued at approximately $94,000. Hanson McClain Inc. bought a new stake in FS KKR Capital during the 2nd quarter valued at approximately $31,000. Finally, Reston Wealth Management LLC bought a new stake in FS KKR Capital during the 2nd quarter valued at approximately $2,453,000. 29.14% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Daniel Pietrzak bought 10,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $5.65 per share, with a total value of $56,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Stephen Sypherd bought 16,807 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was bought at an average cost of $5.95 per share, with a total value of $100,001.65. The disclosure for this purchase can be found here. Over the last three months, insiders bought 50,107 shares of company stock valued at $294,452. 0.35% of the stock is currently owned by insiders.
FS KKR Capital stock traded up $0.04 during trading hours on Friday, hitting $5.82. The stock had a trading volume of 34,894 shares, compared to its average volume of 2,003,254. The company has a 50-day moving average of $5.90 and a two-hundred day moving average of $6.13. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.99 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. FS KKR Capital Corp has a fifty-two week low of $5.09 and a fifty-two week high of $7.74.
FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. FS KKR Capital had a return on equity of 8.66% and a net margin of 12.11%. The firm had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $194.84 million. As a group, analysts forecast that FS KKR Capital Corp will post 0.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 18th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 13.06%. FS KKR Capital’s payout ratio is presently 89.41%.
FSK has been the subject of several recent research reports. JPMorgan Chase & Co. raised FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target for the company in a report on Friday, August 9th. Raymond James initiated coverage on FS KKR Capital in a report on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 price target for the company. ValuEngine cut FS KKR Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 23rd. National Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of FS KKR Capital in a report on Monday, May 13th. Finally, Zacks Investment Research raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. FS KKR Capital has a consensus rating of “Hold” and a consensus target price of $7.38.
About FS KKR Capital
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
Further Reading: Fundamental Analysis and Individual Investors
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