Activest Wealth Management Grows Position in FS KKR Capital Corp. (NYSE:FSK)

Activest Wealth Management grew its position in shares of FS KKR Capital Corp. (NYSE:FSKFree Report) by 34.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 40,980 shares of the company’s stock after acquiring an additional 10,476 shares during the quarter. FS KKR Capital comprises approximately 0.4% of Activest Wealth Management’s holdings, making the stock its 27th largest holding. Activest Wealth Management’s holdings in FS KKR Capital were worth $781,000 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 FSK. International Assets Investment Management LLC boosted its holdings in shares of FS KKR Capital by 951.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after purchasing an additional 3,423,145 shares during the period. Melia Wealth LLC purchased a new position in FS KKR Capital during the fourth quarter worth $13,520,000. MGO One Seven LLC increased its position in FS KKR Capital by 2,065.4% during the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after acquiring an additional 573,086 shares during the last quarter. Edge Capital Group LLC purchased a new stake in shares of FS KKR Capital in the fourth quarter valued at $9,982,000. Finally, Van ECK Associates Corp lifted its holdings in shares of FS KKR Capital by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock worth $103,941,000 after acquiring an additional 494,184 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Stock Up 0.8 %

Shares of FSK stock traded up $0.17 on Tuesday, hitting $20.19. The stock had a trading volume of 1,004,418 shares, compared to its average volume of 1,629,676. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The business has a 50 day moving average price of $19.18 and a 200 day moving average price of $19.72. The company has a market cap of $5.65 billion, a PE ratio of 8.41 and a beta of 1.23. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSKGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $447.00 million during the quarter, compared to analyst estimates of $452.39 million. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. During the same quarter in the previous year, the business posted $0.81 EPS. Research analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.87%. The ex-dividend date of this dividend is Wednesday, June 12th. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Analysts Set New Price Targets

Several brokerages recently commented on FSK. B. Riley reiterated a “buy” rating and set a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. JPMorgan Chase & Co. raised their price target on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company boosted their price objective on FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Royal Bank of Canada reduced their target price on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, FS KKR Capital currently has an average rating of “Hold” and a consensus price target of $20.17.

Read Our Latest Report on FSK

Insider Activity

In related news, insider Daniel Pietrzak acquired 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the purchase, the insider now directly owns 39,800 shares of the company’s stock, valued at approximately $745,454. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other FS KKR Capital news, Director Barbara Adams purchased 3,381 shares of FS KKR Capital stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average cost of $20.10 per share, with a total value of $67,958.10. Following the completion of the transaction, the director now owns 22,082 shares in the company, valued at approximately $443,848.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel Pietrzak bought 7,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the purchase, the insider now owns 39,800 shares in the company, valued at $745,454. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 11,681 shares of company stock worth $223,487. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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