FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 19.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,738 shares of the company’s stock after buying an additional 4,079 shares during the quarter. Ritholtz Wealth Management’s holdings in FS KKR Capital were worth $488,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FSK. Wescott Financial Advisory Group LLC boosted its position in shares of FS KKR Capital by 3.2% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock worth $324,000 after purchasing an additional 509 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of FS KKR Capital by 0.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 175,997 shares of the company’s stock worth $3,515,000 after buying an additional 512 shares during the period. Atticus Wealth Management LLC grew its stake in shares of FS KKR Capital by 14.1% in the first quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock valued at $87,000 after buying an additional 562 shares in the last quarter. AlphaStar Capital Management LLC raised its holdings in shares of FS KKR Capital by 3.3% in the 4th quarter. AlphaStar Capital Management LLC now owns 22,447 shares of the company’s stock valued at $448,000 after buying an additional 712 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in FS KKR Capital by 3.2% during the 2nd quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock worth $477,000 after acquiring an additional 719 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.3 %

FSK opened at $20.24 on Thursday. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a market capitalization of $5.67 billion, a P/E ratio of 8.43 and a beta of 1.26. The business’s 50-day simple moving average is $19.92 and its 200-day simple moving average is $19.62.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results 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 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 the consensus estimate of $426.41 million. During the same quarter last year, the business posted $0.78 EPS. Analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, September 11th. This represents a dividend yield of 14.6%. FS KKR Capital’s payout ratio is 106.67%.

Insider Activity at FS KKR Capital

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

Analysts Set New Price Targets

Several research firms have weighed in on FSK. 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. B. Riley reaffirmed a “buy” rating and set a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Finally, Wells Fargo & Company decreased their price target 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. 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 stock currently has an average rating of “Hold” and an average target price of $20.06.

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.