Flagship Harbor Advisors LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Flagship Harbor Advisors LLC bought a new stake in FS KKR Capital Corp. (NYSE:FSK) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 369,509 shares of the company’s stock, valued at approximately $7,290,000.

Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth about $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth approximately $37,000. Mather Group LLC. purchased a new position in FS KKR Capital during the first quarter worth about $39,000. Rothschild Investment LLC bought a new position in shares of FS KKR Capital in the second quarter worth approximately $39,000. Finally, Financial Gravity Asset Management Inc. raised its position in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after buying an additional 1,421 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Down 0.5 %

Shares of FS KKR Capital stock traded down $0.10 during midday trading on Tuesday, hitting $20.71. The company had a trading volume of 368,019 shares, compared to its average volume of 1,423,184. 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 company has a 50 day moving average of $19.91 and a 200 day moving average of $19.83. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99. The stock has a market capitalization of $5.80 billion, a P/E ratio of 8.67 and a beta of 1.25.

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. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $426.41 million. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. During the same quarter in the previous year, the business posted $0.78 EPS. On average, equities analysts predict 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 issued a dividend of $0.70 per share. This is a boost from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio is presently 106.67%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FSK. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company cut their price objective 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.06.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the purchase, the insider now owns 44,800 shares in the company, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost 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 trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.

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.