FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.6% during the third quarter, Holdings Channel.com reports. The fund owned 5,747,770 shares of the company’s stock after acquiring an additional 356,704 shares during the quarter. Van ECK Associates Corp’s holdings in FS KKR Capital were worth $117,886,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FSK. Summit Securities Group LLC acquired a new position in FS KKR Capital during the second quarter worth about $30,000. Ridgewood Investments LLC acquired a new position in FS KKR Capital during the second quarter worth about $37,000. Rothschild Investment LLC acquired a new position in FS KKR Capital during the second quarter worth about $39,000. Financial Gravity Asset Management Inc. grew its holdings in 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 worth $42,000 after acquiring an additional 1,421 shares during the period. Finally, New Millennium Group LLC acquired a new position in FS KKR Capital during the second quarter worth about $50,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Down 0.5 %

NYSE FSK traded down $0.10 during trading on Friday, reaching $20.14. 1,241,255 shares of the company’s stock were exchanged, compared to its average volume of 1,055,415. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The firm has a market capitalization of $5.64 billion, a PE ratio of 8.91 and a beta of 1.25. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The company’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $19.91.

FS KKR Capital (NYSE:FSK) last announced 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. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. During the same period last year, the company posted $0.78 EPS. Sell-side analysts predict that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change 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 (DPR) is presently 113.27%.

Insider Activity

In other news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated 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 acquisition, the insider now directly 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 the SEC website. In other news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought 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 in the company, valued at $860,608. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wells Fargo & Company decreased their price target 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 reiterated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six 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 presently has a consensus rating of “Hold” and a consensus target price of $19.94.

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.