1832 Asset Management L.P. Increases Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

1832 Asset Management L.P. increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 31.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 800,000 shares of the company’s stock after acquiring an additional 189,860 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.29% of FS KKR Capital worth $15,784,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in shares of FS KKR Capital by 7.4% during the second quarter. ProShare Advisors LLC now owns 42,380 shares of the company’s stock worth $836,000 after purchasing an additional 2,919 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in FS KKR Capital by 15.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock worth $508,000 after buying an additional 3,415 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of FS KKR Capital by 28.8% during the second quarter. AE Wealth Management LLC now owns 98,961 shares of the company’s stock valued at $1,956,000 after acquiring an additional 22,149 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of FS KKR Capital in the second quarter valued at approximately $429,000. Finally, Kendall Capital Management purchased a new position in shares of FS KKR Capital in the second quarter valued at approximately $317,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $19.76 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $19.84 and a 200 day moving average price of $19.66. 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 8.23 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last announced 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 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 earned $0.78 EPS. Sell-side 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 will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.64 dividend. This represents a dividend yield of 13.33%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FSK shares. Wells Fargo & Company reduced their price objective on 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 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average price target of $20.06.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction 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. Company insiders own 0.25% of the company’s stock.

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.