Seven Eight Capital LP Acquires New Stake in FS KKR Capital Corp. (NYSE:FSK)

Seven Eight Capital LP bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,529 shares of the company’s stock, valued at approximately $662,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in shares of FS KKR Capital by 26.9% in the first 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. Cetera Investment Advisers increased its position in FS KKR Capital by 368.3% during the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock valued at $16,911,000 after purchasing an additional 697,453 shares during the period. MGO One Seven LLC increased its position in FS KKR Capital by 2,065.4% during the 4th 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 during the period. Maia Wealth LLC bought a new position in FS KKR Capital during the 2nd quarter worth approximately $10,560,000. Finally, 1832 Asset Management L.P. lifted its position in shares of FS KKR Capital by 529.7% in the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock worth $11,635,000 after purchasing an additional 513,239 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FS KKR Capital

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

FS KKR Capital Trading Down 0.3 %

Shares of FS KKR Capital stock opened at $19.72 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The stock has a 50 day moving average price of $19.86 and a two-hundred day moving average price of $19.65. The stock has a market capitalization of $5.52 billion, a PE ratio of 8.22 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $426.41 million. During the same quarter last year, the firm posted $0.78 EPS. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be issued a $0.64 dividend. The ex-dividend date is Wednesday, September 11th. This represents a dividend yield of 13.33%. FS KKR Capital’s dividend payout ratio is presently 106.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FSK. Wells Fargo & Company lowered 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 note on Thursday, August 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.