FS KKR Capital Corp. (NYSE:FSK) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,557 shares of the company’s stock after acquiring an additional 1,095 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in FS KKR Capital were worth $2,162,000 at the end of the most recent reporting period.

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

FS KKR Capital Trading Up 0.2 %

FS KKR Capital stock opened at $20.28 on Wednesday. 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 quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 8.43 and a beta of 1.25. The company has a 50 day moving average price of $19.80 and a 200 day moving average price of $19.79.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping 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 analysts’ expectations of $426.41 million. During the same period in the previous year, the company posted $0.78 EPS. Research analysts forecast that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

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

Insiders Place Their Bets

In other news, insider Daniel Pietrzak acquired 5,000 shares of the 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 transaction, the insider now owns 44,800 shares in the company, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the acquisition, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the business’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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company reduced 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 report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, FS KKR Capital has an average rating of “Hold” and a consensus target price of $20.06.

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.