FS KKR Capital Corp. (NYSE:FSK) is Maia Wealth LLC’s 4th Largest Position

Maia Wealth LLC lifted its position in FS KKR Capital Corp. (NYSE:FSK) by 10.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 572,864 shares of the company’s stock after purchasing an additional 53,954 shares during the quarter. FS KKR Capital comprises about 2.8% of Maia Wealth LLC’s investment portfolio, making the stock its 4th biggest position. Maia Wealth LLC owned about 0.20% of FS KKR Capital worth $11,904,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FSK. Summit Securities Group LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $30,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth approximately $37,000. Rothschild Investment LLC acquired a new stake in FS KKR Capital in the second quarter valued at approximately $39,000. Financial Gravity Asset Management Inc. increased its position 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 worth $42,000 after purchasing an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of FS KKR Capital in the 2nd quarter worth $50,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

FSK stock traded up $0.16 during midday trading on Wednesday, reaching $20.45. The stock had a trading volume of 218,194 shares, compared to its average volume of 1,405,059. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 8.98 and a beta of 1.25. The company’s fifty day simple moving average is $20.07 and its 200 day simple moving average is $19.93. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations 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 company posted $0.78 earnings per share. As a group, sell-side analysts predict that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors 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 represents a dividend yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is presently 113.27%.

Insider Activity at FS KKR Capital

In related news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, 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 value of $3,816,918.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $19.21 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

FSK has been the subject of several research analyst reports. 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 report on Tuesday, October 29th. Royal Bank of Canada reaffirmed 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 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, FS KKR Capital has a consensus rating of “Hold” and an average price target 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.