Atlantic Union Bankshares Corp Has $441,000 Stake in FS KKR Capital Corp. (NYSE:FSK)

Atlantic Union Bankshares Corp boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 53.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,147 shares of the company’s stock after purchasing an additional 8,049 shares during the period. Atlantic Union Bankshares Corp’s holdings in FS KKR Capital were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FSK. Mather Group LLC. purchased a new position in shares of FS KKR Capital during the first quarter valued at $39,000. Planned Solutions Inc. acquired a new stake in FS KKR Capital during the 4th quarter worth about $40,000. Citigroup Inc. grew its stake in FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock valued at $49,000 after acquiring an additional 2,114 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of FS KKR Capital by 20.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock valued at $66,000 after purchasing an additional 575 shares during the period. Finally, Fortis Group Advisors LLC acquired a new position in shares of FS KKR Capital in the 3rd quarter valued at about $69,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FSK shares. Wells Fargo & Company raised shares of FS KKR Capital from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $21.00 in a research report on Wednesday, May 29th. B. Riley reaffirmed a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. JPMorgan Chase & Co. increased their price objective on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average target price of $20.28.

FS KKR Capital Stock Performance

FSK stock traded up $0.06 during mid-day trading on Friday, reaching $19.74. 988,597 shares of the stock traded hands, compared to its average volume of 1,551,939. The business has a 50-day moving average of $19.82 and a two-hundred day moving average of $19.74. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The firm has a market capitalization of $5.53 billion, a PE ratio of 8.23 and a beta of 1.24. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The company had revenue of $434.00 million for the quarter, compared to analyst estimates of $429.46 million. As a group, equities analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 14.18%. The ex-dividend date of this dividend is Wednesday, June 12th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio is 106.67%.

Insider Activity

In related news, Director Barbara Adams purchased 3,381 shares of the stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $20.10 per share, with a total value of $67,958.10. Following the purchase, the director now directly owns 22,082 shares in the company, valued at approximately $443,848.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.