FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 11.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,545 shares of the company’s stock after buying an additional 2,596 shares during the period. Pinion Investment Advisors LLC’s holdings in FS KKR Capital were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FSK. Principal Securities Inc. acquired a new position in shares of FS KKR Capital during the fourth quarter worth about $213,000. Independent Advisor Alliance lifted its position in FS KKR Capital by 9.8% during the 4th quarter. Independent Advisor Alliance now owns 261,720 shares of the company’s stock worth $5,227,000 after acquiring an additional 23,253 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in FS KKR Capital by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 23,008 shares of the company’s stock worth $459,000 after acquiring an additional 2,858 shares during the period. UBS Group AG boosted its holdings in FS KKR Capital by 12.2% in the 4th quarter. UBS Group AG now owns 831,771 shares of the company’s stock worth $16,610,000 after acquiring an additional 90,233 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in FS KKR Capital in the fourth quarter valued at approximately $384,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FSK shares. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Six 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, the stock has an average rating of “Hold” and a consensus target price of $20.06.

Insider Activity

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price 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 in the company, valued at $860,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated 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. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Up 1.6 %

FSK opened at $19.74 on Friday. FS KKR Capital Corp. has a 12-month low of $18.31 and a 12-month 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 stock has a market capitalization of $5.53 billion, a PE ratio of 8.23 and a beta of 1.26. The firm’s fifty day moving average price is $19.91 and its 200 day moving average price is $19.62.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the business posted $0.78 EPS. As a group, research analysts expect that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a $0.64 dividend. The ex-dividend date is Wednesday, September 11th. This represents a dividend yield of 13.33%. FS KKR Capital’s payout ratio is 106.67%.

About FS KKR Capital

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.