Valley Financial Group Inc. Takes Position in FS KKR Capital Corp. (NYSE:FSK)

Valley Financial Group Inc. acquired a new stake in shares of FS KKR Capital Corp. (NYSE:FSKFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,678 shares of the company’s stock, valued at approximately $313,000.

Other hedge funds also recently modified their holdings of the company. Planned Solutions Inc. acquired a new stake in shares of FS KKR Capital during the 4th quarter valued at $40,000. Provence Wealth Management Group acquired a new position in FS KKR Capital during the 3rd quarter worth about $45,000. Citigroup Inc. lifted its holdings in FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after buying an additional 2,114 shares during the period. Raleigh Capital Management Inc. lifted its holdings in FS KKR Capital by 20.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after buying an additional 575 shares during the period. Finally, Fortis Group Advisors LLC acquired a new position in FS KKR Capital during the 3rd quarter worth about $69,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Barbara Adams acquired 3,381 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of $20.10 per share, with a total value of $67,958.10. Following the acquisition, the director now owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Up 0.2 %

FS KKR Capital stock traded up $0.05 during midday trading on Friday, reaching $20.62. The stock had a trading volume of 817,114 shares, compared to its average volume of 1,242,461. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $20.99. The company has a market capitalization of $5.78 billion, a P/E ratio of 8.59 and a beta of 1.24. The company has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $19.77. 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:FSKGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $434.00 million during the quarter, compared to analyst estimates of $429.46 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. As a group, equities analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.70 per share. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 dividend on an annualized basis and a yield of 13.58%. The ex-dividend date of this dividend is Wednesday, June 12th. FS KKR Capital’s payout ratio is currently 106.67%.

Wall Street Analysts Forecast Growth

FSK has been the topic of several recent research reports. Wells Fargo & Company raised FS KKR Capital from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $21.00 in a report on Wednesday, May 29th. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Truist Financial dropped their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, February 28th. B. Riley reissued a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Finally, Hovde Group reissued a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average target price of $20.28.

Read Our Latest Research Report on FS KKR Capital

FS KKR Capital Company 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.

See Also

Want to see what other hedge funds are holding FSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS KKR Capital Corp. (NYSE:FSKFree Report).

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

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