Maia Wealth LLC Purchases 53,954 Shares of FS KKR Capital Corp. (NYSE:FSK)

Maia Wealth LLC increased its holdings in FS KKR Capital Corp. (NYSE:FSK) by 10.4% in the third quarter, Holdings Channel.com reports. The firm owned 572,864 shares of the company’s stock after purchasing an additional 53,954 shares during the period. FS KKR Capital accounts for 2.8% of Maia Wealth LLC’s investment portfolio, making the stock its 4th largest holding. Maia Wealth LLC’s holdings in FS KKR Capital were worth $11,904,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new position in shares of FS KKR Capital during the 1st quarter worth about $195,000. Janney Montgomery Scott LLC increased its holdings in shares of FS KKR Capital by 30.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock worth $1,237,000 after buying an additional 14,977 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of FS KKR Capital by 38.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 146,100 shares of the company’s stock worth $2,786,000 after buying an additional 40,460 shares during the period. Csenge Advisory Group boosted its holdings in FS KKR Capital by 3.2% in the first quarter. Csenge Advisory Group now owns 86,729 shares of the company’s stock valued at $1,654,000 after acquiring an additional 2,680 shares during the last quarter. Finally, CFO4Life Group LLC increased its stake in FS KKR Capital by 2.6% during the first quarter. CFO4Life Group LLC now owns 31,110 shares of the company’s stock worth $593,000 after acquiring an additional 775 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

FS KKR Capital Price Performance

Shares of FSK traded up $0.16 during midday trading on Wednesday, reaching $20.45. The stock had a trading volume of 218,194 shares, compared to its average volume of 1,405,059. The company has a market capitalization of $5.73 billion, a P/E ratio of 8.98 and a beta of 1.25. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The firm’s 50 day moving average price is $20.07 and its 200-day moving average price is $19.93.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The firm 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 business earned $0.78 EPS. On average, 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 firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.70 dividend. This represents a yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s payout ratio is currently 113.27%.

Analyst Ratings Changes

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

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.