Hanlon Investment Management Inc. Buys New Shares in FS KKR Capital Corp. (NYSE:FSK)

Hanlon Investment Management Inc. purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 13,741 shares of the company’s stock, valued at approximately $271,000.

A number of other large investors have also recently added to or reduced their stakes in FSK. Summit Securities Group LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $30,000. Ridgewood Investments LLC acquired a new position in FS KKR Capital during the second quarter worth approximately $37,000. Rothschild Investment LLC bought a new stake in FS KKR Capital in the second quarter valued at approximately $39,000. Financial Gravity Asset Management Inc. lifted its position in shares of FS KKR Capital by 198.7% in the second 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 during the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of FS KKR Capital in the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.94.

FS KKR Capital Stock Performance

NYSE FSK opened at $20.19 on Tuesday. The firm has a 50-day moving average price of $20.07 and a two-hundred day moving average price of $19.92. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month high of $20.99. The company has a market capitalization of $5.65 billion, a P/E ratio of 8.87 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19.

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, topping analysts’ consensus estimates 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 the consensus estimate of $426.41 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. Analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently announced 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 positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is 113.27%.

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, for a total transaction 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 approximately $860,608. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price 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. 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 company insiders.

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.