Souders Financial Advisors Purchases 950 Shares of FS KKR Capital Corp. (NYSE:FSK)

Souders Financial Advisors raised its position in FS KKR Capital Corp. (NYSE:FSK) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,209 shares of the company’s stock after purchasing an additional 950 shares during the period. Souders Financial Advisors’ holdings in FS KKR Capital were worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in shares of FS KKR Capital by 2.0% during the second quarter. Cetera Investment Advisers now owns 904,170 shares of the company’s stock worth $17,839,000 after purchasing an additional 17,359 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in FS KKR Capital by 31.9% during the second quarter. B. Riley Wealth Advisors Inc. now owns 51,170 shares of the company’s stock valued at $1,039,000 after purchasing an additional 12,386 shares during the last quarter. Regal Investment Advisors LLC grew its stake in FS KKR Capital by 9.7% in the 2nd quarter. Regal Investment Advisors LLC now owns 12,008 shares of the company’s stock worth $237,000 after buying an additional 1,065 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of FS KKR Capital by 1.4% in the 2nd quarter. NewEdge Advisors LLC now owns 217,625 shares of the company’s stock worth $4,294,000 after buying an additional 3,045 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at $233,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital 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 purchase, the insider now owns 44,800 shares in the company, valued at $860,608. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares in the company, valued at $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FSK. Wells Fargo & Company cut their target price on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Trading Down 0.1 %

Shares of NYSE FSK opened at $19.71 on Wednesday. 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. The firm has a 50-day moving average of $19.78 and a 200 day moving average of $19.69. The stock has a market cap of $5.52 billion, a P/E ratio of 8.21 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $426.41 million. During the same period in the previous year, the firm posted $0.78 EPS. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently declared a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a $0.64 dividend. 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%.

FS KKR Capital Company 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.