Global Assets Advisory LLC Makes New $3.34 Million Investment in FS KKR Capital Corp. (NYSE:FSK)

Global Assets Advisory LLC bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 175,115 shares of the company’s stock, valued at approximately $3,339,000. Global Assets Advisory LLC owned 0.06% of FS KKR Capital as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of FS KKR Capital by 951.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,783,001 shares of the company’s stock worth $75,547,000 after buying an additional 3,423,145 shares during the last quarter. Melia Wealth LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at $13,520,000. MGO One Seven LLC raised its stake in shares of FS KKR Capital by 2,065.4% in the fourth quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after purchasing an additional 573,086 shares in the last quarter. Edge Capital Group LLC acquired a new position in shares of FS KKR Capital in the fourth quarter valued at $9,982,000. Finally, Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 10.5% in the fourth quarter. Van ECK Associates Corp now owns 5,204,830 shares of the company’s stock valued at $103,941,000 after purchasing an additional 494,184 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, Director Barbara Adams purchased 3,381 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were bought at an average price of $20.10 per share, with a total value of $67,958.10. Following the completion of the transaction, the director now directly owns 22,082 shares in the company, valued at approximately $443,848.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on FSK shares. JPMorgan Chase & Co. increased their price objective 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. B. Riley reiterated a “buy” rating and set a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Hovde Group reiterated a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, February 28th. Truist Financial dropped their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada decreased their target price on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.28.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $19.67 on Tuesday. 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 Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 8.20 and a beta of 1.24. The business’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $19.75.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, May 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The firm had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $429.46 million. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.83 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.23%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 106.67%.

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.