Founders Financial Securities LLC Grows Stake in FS KKR Capital Corp. (NYSE:FSK)

Founders Financial Securities LLC grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 5.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 185,240 shares of the company’s stock after acquiring an additional 8,967 shares during the period. Founders Financial Securities LLC owned about 0.07% of FS KKR Capital worth $3,655,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Avidian Wealth Solutions LLC bought a new position in FS KKR Capital in the 4th quarter worth approximately $295,000. Wealthcare Advisory Partners LLC boosted its stake in FS KKR Capital by 7.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 45,844 shares of the company’s stock worth $915,000 after purchasing an additional 3,071 shares during the period. Private Advisor Group LLC increased its position in shares of FS KKR Capital by 9.9% during the fourth quarter. Private Advisor Group LLC now owns 540,221 shares of the company’s stock valued at $10,790,000 after buying an additional 48,546 shares during the period. Principal Securities Inc. purchased a new stake in shares of FS KKR Capital in the fourth quarter worth about $213,000. Finally, Calton & Associates Inc. boosted its position in shares of FS KKR Capital by 20.3% in the fourth quarter. Calton & Associates Inc. now owns 26,893 shares of the company’s stock valued at $537,000 after acquiring an additional 4,541 shares during the period. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company cut their price target 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. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Finally, B. Riley restated a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.06.

FS KKR Capital Trading Down 0.3 %

Shares of FSK opened at $20.18 on Wednesday. The stock has a market capitalization of $5.65 billion, a P/E ratio of 8.41 and a beta of 1.26. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The firm has a fifty day simple moving average of $19.92 and a two-hundred day simple moving average of $19.62.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. During the same period in the prior year, the business posted $0.78 earnings per share. On average, research analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, September 11th. This represents a dividend yield of 14.6%. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 8th. The stock was 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 owns 44,800 shares of the company’s stock, valued at $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.

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.