Graypoint LLC Purchases 3,782 Shares of FS KKR Capital Corp. (NYSE:FSK)

Graypoint LLC grew its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 113,330 shares of the company’s stock after buying an additional 3,782 shares during the quarter. Graypoint LLC’s holdings in FS KKR Capital were worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in FS KKR Capital by 30.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock worth $1,237,000 after buying an additional 14,977 shares during the period. Cetera Advisors LLC increased its position in shares of FS KKR Capital by 39.3% in the first quarter. Cetera Advisors LLC now owns 431,625 shares of the company’s stock worth $8,231,000 after purchasing an additional 121,754 shares during the period. Waverly Advisors LLC bought a new position in shares of FS KKR Capital in the first quarter worth $2,473,000. LSV Asset Management increased its position in shares of FS KKR Capital by 3.2% in the first quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock worth $37,500,000 after purchasing an additional 60,700 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of FS KKR Capital by 30.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 122,769 shares of the company’s stock worth $2,422,000 after purchasing an additional 28,889 shares during the period. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

NYSE:FSK opened at $20.94 on Friday. The stock’s 50-day simple moving average is $20.10 and its 200 day simple moving average is $19.94. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $21.14. The firm has a market capitalization of $5.86 billion, a PE ratio of 9.27 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 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 $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same period last year, the firm posted $0.80 earnings per share. On average, analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS 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. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. This represents a dividend yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is presently 113.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FSK shares. Royal Bank of Canada restated 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. Wells Fargo & Company decreased their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.94.

Insider Activity

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 SEC, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

FS KKR Capital 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.