Oxford Asset Management LLP bought a new stake in FS KKR Capital Corp (NYSE:FSK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 118,637 shares of the company’s stock, valued at approximately $727,000.
Several other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management purchased a new stake in shares of FS KKR Capital during the 4th quarter worth $25,000. Manchester Financial Inc. acquired a new position in FS KKR Capital in the 4th quarter valued at about $46,000. Atlas Private Wealth Management acquired a new position in FS KKR Capital in the 4th quarter valued at about $51,000. Trustcore Financial Services LLC acquired a new position in FS KKR Capital in the 4th quarter valued at about $58,000. Finally, Delta Investment Management LLC acquired a new position in FS KKR Capital in the 4th quarter valued at about $64,000. 29.68% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director James H. Kropp bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $5.75 per share, for a total transaction of $57,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard I. Goldstein bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average price of $5.52 per share, for a total transaction of $27,600.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 48,560 shares of company stock valued at $237,965. Insiders own 0.07% of the company’s stock.
Shares of NYSE:FSK traded up $0.37 during trading on Thursday, hitting $3.21. 6,559,965 shares of the stock were exchanged, compared to its average volume of 7,478,638. FS KKR Capital Corp has a 1-year low of $1.90 and a 1-year high of $6.40. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 6.83 and a beta of 1.16. The company’s fifty day simple moving average is $5.06 and its 200-day simple moving average is $5.79. The company has a debt-to-equity ratio of 1.08, a quick ratio of 4.85 and a current ratio of 4.85.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. FS KKR Capital had a return on equity of 10.33% and a net margin of 31.58%. The company had revenue of $186.00 million for the quarter, compared to analyst estimates of $194.22 million. On average, research analysts forecast that FS KKR Capital Corp will post 0.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.76 dividend on an annualized basis and a yield of 23.68%. FS KKR Capital’s payout ratio is 95.00%.
FS KKR Capital Profile
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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