Magnolia Capital Advisors LLC Acquires Shares of 11,814 FS KKR Capital Corp. (NYSE:FSK)

Magnolia Capital Advisors LLC acquired a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,814 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSK. Van ECK Associates Corp lifted its holdings in FS KKR Capital by 26.9% during the first quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock valued at $125,935,000 after purchasing an additional 1,398,998 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of FS KKR Capital by 368.3% in the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after buying an additional 697,453 shares in the last quarter. MGO One Seven LLC lifted 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 worth $11,999,000 after buying an additional 573,086 shares in the last quarter. Maia Wealth LLC purchased a new position in shares of FS KKR Capital in the second quarter worth about $10,560,000. Finally, 1832 Asset Management L.P. lifted its stake in shares of FS KKR Capital by 529.7% in the first quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock worth $11,635,000 after buying an additional 513,239 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $19.74 on Tuesday. 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 $5.53 billion, a P/E ratio of 8.22 and a beta of 1.26. The company has a 50-day moving average price of $19.79 and a 200 day moving average price of $19.68. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $426.41 million. During the same period last year, the business earned $0.78 earnings per share. Sell-side analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on FSK shares. Wells Fargo & Company decreased 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 reissued a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average price target of $20.06.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 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 $860,608. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Daniel Pietrzak purchased 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 $860,608. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction that occurred on 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. Company insiders own 0.25% of the company’s stock.

About FS KKR Capital

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.