GPS Wealth Strategies Group LLC Has $1.07 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

GPS Wealth Strategies Group LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,282 shares of the company’s stock after buying an additional 2,043 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in FS KKR Capital were worth $1,071,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. UBS Group AG boosted its position in FS KKR Capital by 12.2% during the 4th quarter. UBS Group AG now owns 831,771 shares of the company’s stock worth $16,610,000 after acquiring an additional 90,233 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in FS KKR Capital by 30.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after acquiring an additional 14,977 shares during the period. United Advisor Group LLC bought a new stake in shares of FS KKR Capital in the fourth quarter valued at about $2,916,000. Jump Financial LLC raised its position in shares of FS KKR Capital by 106.4% in the fourth quarter. Jump Financial LLC now owns 268,800 shares of the company’s stock valued at $5,368,000 after buying an additional 138,579 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in FS KKR Capital by 9.9% during the fourth quarter. Private Advisor Group LLC now owns 540,221 shares of the company’s stock worth $10,790,000 after purchasing an additional 48,546 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Up 0.5 %

Shares of FSK traded up $0.09 during mid-day trading on Wednesday, reaching $19.40. The company’s stock had a trading volume of 1,116,840 shares, compared to its average volume of 1,494,241. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The stock has a market cap of $5.43 billion, a PE ratio of 8.10 and a beta of 1.26. The company’s fifty day moving average price is $19.91 and its two-hundred day moving average price is $19.66. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, analysts predict that FS KKR Capital Corp. will post 2.82 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently declared a None dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a yield of 14.6%. FS KKR Capital’s payout ratio is 106.67%.

Analysts Set New Price Targets

A number of analysts have weighed in on FSK shares. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company lowered their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, B. Riley reaffirmed a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.06.

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.