Squarepoint Ops LLC Buys New Position in FS KKR Capital Corp. (NYSE:FSK)

Squarepoint Ops LLC bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 31,581 shares of the company’s stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSK. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital during the second quarter valued at approximately $30,000. Ridgewood Investments LLC bought a new position in FS KKR Capital during the 2nd quarter valued at $37,000. Mather Group LLC. acquired a new position in shares of FS KKR Capital during the 1st quarter valued at $39,000. Rothschild Investment LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter valued at $39,000. Finally, Financial Gravity Asset Management Inc. raised its stake in shares of FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after buying an additional 1,421 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Trading Down 0.1 %

Shares of FSK opened at $20.00 on Wednesday. The business’s 50-day moving average price is $19.74 and its 200 day moving average price is $19.75. 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 stock has a market capitalization of $5.60 billion, a P/E ratio of 8.33 and a beta of 1.25. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $426.41 million. During the same period last year, the firm posted $0.78 earnings per share. Analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Announces Dividend

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

Insider Activity

In other news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital 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 sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at $860,608. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company reduced their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.