World Investment Advisors LLC Boosts Stock Position in FS KKR Capital Corp. (NYSE:FSK)

World Investment Advisors LLC raised its position in FS KKR Capital Corp. (NYSE:FSK) by 22.9% during the third quarter, Holdings Channel.com reports. The firm owned 17,707 shares of the company’s stock after buying an additional 3,297 shares during the period. World Investment Advisors LLC’s holdings in FS KKR Capital were worth $349,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FSK. Summit Securities Group LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $30,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital during the 2nd quarter worth $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital during the second quarter worth $39,000. McIlrath & Eck LLC grew its position in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the period. Finally, Financial Gravity Asset Management Inc. increased its stake in FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after purchasing an additional 1,421 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Trading Down 1.5 %

Shares of FSK stock opened at $20.97 on Thursday. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $22.39. The firm’s 50 day moving average price is $21.06 and its two-hundred day moving average price is $20.30. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 11.15 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the prior year, the company earned $0.80 EPS. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.70 per share. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend was Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is presently 136.17%.

Analysts Set New Price Targets

FSK has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.25.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 11,500 shares of company stock valued at $248,910. Corporate 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.