Sanctuary Advisors LLC purchased a new stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,011,069 shares of the company's stock, valued at approximately $19,544,000. Sanctuary Advisors LLC owned approximately 0.36% of FS KKR Capital at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital during the second quarter worth $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital during the 2nd quarter worth about $37,000. Mather Group LLC. acquired a new position in shares of FS KKR Capital during the 1st quarter worth about $39,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. raised its position in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company's stock worth $42,000 after acquiring an additional 1,421 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.
NYSE FSK opened at $19.85 on Thursday. The business has a 50 day moving average price of $19.77 and a 200 day moving average price of $19.70. The company has a market capitalization of $5.56 billion, a P/E ratio of 8.27 and a beta of 1.26. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99. 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 (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same period in the previous year, the firm earned $0.78 EPS. Sell-side analysts expect that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.
The firm also recently disclosed a None dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.64 per share. The ex-dividend date was Wednesday, September 11th. This represents a dividend yield of 13.33%. FS KKR Capital's dividend payout ratio (DPR) is 106.67%.
Several brokerages have commented on FSK. Wells Fargo & Company dropped their price target on shares of 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $20.06.
Check Out Our Latest Stock Analysis on FS KKR Capital
In related news, CEO Michael C. Forman sold 195,139 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Daniel Pietrzak bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now owns 44,800 shares of the company's stock, valued at approximately $860,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company's stock.
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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