Williams Financial LLC Takes $1.64 Million Position in FS KKR Capital Corp. (NYSE:FSK)

Williams Financial LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the 2nd quarter, Holdings Channel reports. The firm bought 83,538 shares of the company’s stock, valued at approximately $1,642,000.

Several other hedge funds have also made changes to their positions in FSK. Wescott Financial Advisory Group LLC lifted its stake in shares of FS KKR Capital by 3.2% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock worth $324,000 after purchasing an additional 509 shares during the last quarter. Legacy Capital Group California Inc. lifted its stake in shares of FS KKR Capital by 0.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 175,997 shares of the company’s stock worth $3,515,000 after purchasing an additional 512 shares during the last quarter. Atticus Wealth Management LLC lifted its stake in shares of FS KKR Capital by 14.1% during the 1st quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock worth $87,000 after purchasing an additional 562 shares during the last quarter. AlphaStar Capital Management LLC increased its position in FS KKR Capital by 3.3% during the 4th quarter. AlphaStar Capital Management LLC now owns 22,447 shares of the company’s stock valued at $448,000 after buying an additional 712 shares in the last quarter. Finally, MONECO Advisors LLC increased its position in FS KKR Capital by 4.9% during the 1st quarter. MONECO Advisors LLC now owns 15,841 shares of the company’s stock valued at $302,000 after buying an additional 746 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FSK has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. 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 report on Wednesday. Finally, Wells Fargo & Company reduced their target price 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. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average price target of $20.06.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Stock Performance

FS KKR Capital stock traded up $0.12 during midday trading on Friday, hitting $19.69. 988,407 shares of the company were exchanged, compared to its average volume of 1,488,938. The firm has a market capitalization of $5.51 billion, a PE ratio of 8.20 and a beta of 1.26. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The business has a fifty day simple moving average of $19.85 and a two-hundred day simple moving average of $19.64. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. During the same period last year, the company earned $0.78 earnings per share. On average, sell-side analysts forecast that FS KKR Capital Corp. will post 2.82 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. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, September 11th. This represents a yield of 14.6%. FS KKR Capital’s dividend payout ratio is currently 106.67%.

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.