SG Americas Securities LLC Purchases 2,509 Shares of FS KKR Capital Corp. (NYSE:FSK)

SG Americas Securities LLC raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 32.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,317 shares of the company’s stock after acquiring an additional 2,509 shares during the period. SG Americas Securities LLC’s holdings in FS KKR Capital were worth $204,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Atticus Wealth Management LLC grew its position in 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 acquiring an additional 562 shares during the period. Wedbush Securities Inc. grew its position in FS KKR Capital by 1.4% in the second quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock valued at $797,000 after acquiring an additional 573 shares during the period. Focus Financial Network Inc. grew its position in FS KKR Capital by 3.2% in the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after acquiring an additional 719 shares during the period. CFO4Life Group LLC grew its position in FS KKR Capital by 2.6% in the first quarter. CFO4Life Group LLC now owns 31,110 shares of the company’s stock valued at $593,000 after acquiring an additional 775 shares during the period. Finally, Choreo LLC grew its position in FS KKR Capital by 3.1% in the first quarter. Choreo LLC now owns 30,116 shares of the company’s stock valued at $574,000 after acquiring an additional 897 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price 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 of the company’s stock, valued at $860,608. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the completion of the purchase, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the 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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $20.60 on Wednesday. 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 firm has a market cap of $5.77 billion, a P/E ratio of 8.58 and a beta of 1.25. The business’s fifty day moving average is $19.94 and its two-hundred day moving average is $19.84. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99.

FS KKR Capital (NYSE:FSK) last issued 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 return on equity of 12.39% and a net margin of 35.46%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Equities research analysts forecast that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio is 106.67%.

Analyst Ratings Changes

A number of analysts have weighed in on FSK shares. Wells Fargo & Company lowered their price target on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective 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 assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.06.

FS KKR Capital 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.