Hanson McClain Inc. bought a new stake 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 fund bought 5,218 shares of the company’s stock, valued at approximately $31,000.
Other large investors have also recently bought and sold shares of the company. Horan Securities Inc. purchased a new stake in FS KKR Capital in the 2nd quarter worth $27,000. Kistler Tiffany Companies LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth $31,000. Gradient Investments LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth $31,000. Manchester Financial Inc. purchased a new stake in FS KKR Capital in the 2nd quarter worth $45,000. Finally, NewFocus Financial Group LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth $64,000. 28.86% of the stock is owned by hedge funds and other institutional investors.
FS KKR Capital stock traded up $0.04 during mid-day trading on Tuesday, hitting $5.86. The company had a trading volume of 78,061 shares, compared to its average volume of 1,974,862. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.25 and a current ratio of 2.25. The business has a fifty day moving average of $5.94. FS KKR Capital Corp has a 1 year low of $5.09 and a 1 year high of $7.95. The stock has a market cap of $3.01 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 2.65 and a beta of 1.08.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 12.97%. The ex-dividend date is Tuesday, September 17th. FS KKR Capital’s dividend payout ratio (DPR) is currently 89.41%.
In other news, General Counsel Stephen Sypherd purchased 16,807 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average price of $5.95 per share, for a total transaction of $100,001.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard I. Goldstein purchased 5,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $5.76 per share, with a total value of $28,800.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 40,107 shares of company stock valued at $237,952. 0.35% of the stock is owned by corporate insiders.
A number of research firms have recently issued reports on FSK. Zacks Investment Research raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 target price for the company in a report on Friday. National Securities reaffirmed a “buy” rating and set a $10.00 target price on shares of FS KKR Capital in a report on Monday, May 13th. Raymond James initiated coverage on shares of FS KKR Capital in a research report on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 target price on the stock. Finally, ValuEngine cut shares of FS KKR Capital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.38.
FS KKR Capital Profile
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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