Flagship Harbor Advisors LLC Invests $7.29 Million in FS KKR Capital Corp. (NYSE:FSK)

Flagship Harbor Advisors LLC purchased a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 369,509 shares of the company’s stock, valued at approximately $7,290,000. Flagship Harbor Advisors LLC owned 0.13% of FS KKR Capital as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

FSK has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada reissued 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.06.

FS KKR Capital Trading Down 0.5 %

Shares of FSK stock traded down $0.10 during mid-day trading on Tuesday, reaching $20.71. 368,019 shares of the stock traded hands, compared to its average volume of 1,423,184. The stock’s fifty day simple moving average is $19.91 and its two-hundred day simple moving average is $19.83. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $20.99. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 8.67 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period last year, the company earned $0.78 EPS. On average, research analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio is presently 106.67%.

Insider Buying and Selling at FS KKR Capital

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 shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the 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 disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

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.