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

Hanlon Investment Management Inc. bought a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,741 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds also recently modified their holdings of the business. Summit Securities Group LLC bought a new position in FS KKR Capital in the second quarter valued at approximately $30,000. Ridgewood Investments LLC bought a new position in shares of FS KKR Capital in the 2nd quarter worth $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital during the second quarter worth $39,000. Financial Gravity Asset Management Inc. increased its holdings in 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 purchasing an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in FS KKR Capital in the second quarter valued at about $50,000. Institutional investors own 36.26% of the company’s stock.

Insider Activity

In other news, insider Daniel Pietrzak acquired 5,000 shares of the firm’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 completion of the acquisition, the insider now owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction that occurred on 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 completion of the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the firm’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 disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $20.19 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The company’s 50 day moving average price is $20.07 and its two-hundred day moving average price is $19.92. The company has a market capitalization of $5.65 billion, a P/E ratio of 8.87 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $439.00 million for the quarter, compared to analyst estimates 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 period last year, the business posted $0.78 earnings per share. On average, analysts expect 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. Shareholders of record on Wednesday, December 4th will be paid a $0.70 dividend. 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. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is currently 113.27%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FSK shares. Wells Fargo & Company decreased their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price objective 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.