Thrivent Financial for Lutherans Grows Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Thrivent Financial for Lutherans increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 15.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,738 shares of the company’s stock after purchasing an additional 3,415 shares during the quarter. Thrivent Financial for Lutherans’ holdings in FS KKR Capital were worth $508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of FS KKR Capital by 26.9% during the 1st quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock valued at $125,935,000 after buying an additional 1,398,998 shares during the period. Commonwealth Equity Services LLC boosted its position in FS KKR Capital by 3.4% in the first quarter. Commonwealth Equity Services LLC now owns 4,331,784 shares of the company’s stock worth $82,607,000 after purchasing an additional 141,625 shares during the last quarter. LPL Financial LLC boosted its position in FS KKR Capital by 1.8% in the second quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock worth $66,141,000 after purchasing an additional 59,240 shares during the last quarter. LSV Asset Management grew its stake in shares of FS KKR Capital by 3.2% during the 1st quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock valued at $37,500,000 after purchasing an additional 60,700 shares during the period. Finally, Kestra Advisory Services LLC increased its position in shares of FS KKR Capital by 21.0% during the 1st quarter. Kestra Advisory Services LLC now owns 1,218,960 shares of the company’s stock valued at $23,411,000 after purchasing an additional 211,961 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

NYSE FSK opened at $20.00 on Wednesday. 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 Corp. has a 12 month low of $18.31 and a 12 month high of $20.99. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 8.33 and a beta of 1.25. The company’s 50 day moving average is $19.74 and its two-hundred day moving average is $19.75.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $426.41 million. During the same period in the prior year, the company posted $0.78 earnings per share. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.06.

Insider Activity

In related news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the acquisition, the insider now owns 44,800 shares in the company, valued at approximately $860,608. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was 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.