PFG Advisors Raises Position in FS KKR Capital Corp. (NYSE:FSK)

PFG Advisors increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,422 shares of the company’s stock after purchasing an additional 8,404 shares during the quarter. PFG Advisors owned approximately 0.07% of FS KKR Capital worth $3,599,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. LPL Financial LLC raised its stake in shares of FS KKR Capital by 1.8% in the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock valued at $66,141,000 after buying an additional 59,240 shares during the period. Choreo LLC increased its holdings in FS KKR Capital by 22.0% in the 2nd quarter. Choreo LLC now owns 36,748 shares of the company’s stock worth $729,000 after acquiring an additional 6,632 shares during the last quarter. Wedbush Securities Inc. raised its stake in FS KKR Capital by 1.4% in the 2nd quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock valued at $797,000 after acquiring an additional 573 shares during the period. PFG Investments LLC lifted its holdings in FS KKR Capital by 1.4% during the second quarter. PFG Investments LLC now owns 68,775 shares of the company’s stock valued at $1,357,000 after purchasing an additional 952 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in FS KKR Capital during the second quarter worth about $168,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is owned by company insiders.

FS KKR Capital Stock Performance

NYSE FSK opened at $19.29 on Thursday. The company’s 50 day simple moving average is $19.95 and its two-hundred day simple moving average is $19.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The stock has a market capitalization of $5.40 billion, a PE ratio of 8.04 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. During the same quarter last year, the business posted $0.78 earnings per share. Analysts predict that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.64 per share. This represents a dividend yield of 13.33%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s payout ratio is 106.67%.

Analyst Ratings Changes

Several research firms have recently issued reports on FSK. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company reduced their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.06.

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.