Capital Asset Advisory Services LLC Acquires 2,712 Shares of FS KKR Capital Corp. (NYSE:FSK)

Capital Asset Advisory Services LLC raised its holdings in FS KKR Capital Corp. (NYSE:FSK) by 26.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,032 shares of the company’s stock after acquiring an additional 2,712 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in FS KKR Capital were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSK. PNC Financial Services Group Inc. boosted its stake in FS KKR Capital by 57.1% in the third quarter. PNC Financial Services Group Inc. now owns 20,150 shares of the company’s stock valued at $397,000 after acquiring an additional 7,320 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in FS KKR Capital by 0.3% in the third quarter. Envestnet Asset Management Inc. now owns 225,618 shares of the company’s stock valued at $4,442,000 after acquiring an additional 764 shares during the last quarter. Invesco Ltd. boosted its stake in FS KKR Capital by 13.6% in the third quarter. Invesco Ltd. now owns 792,089 shares of the company’s stock valued at $15,596,000 after acquiring an additional 94,986 shares during the last quarter. Acadian Asset Management LLC raised its holdings in FS KKR Capital by 164,400.0% in the third quarter. Acadian Asset Management LLC now owns 8,225 shares of the company’s stock worth $161,000 after purchasing an additional 8,220 shares during the period. Finally, Stifel Financial Corp raised its holdings in FS KKR Capital by 83.8% in the third quarter. Stifel Financial Corp now owns 172,807 shares of the company’s stock worth $3,403,000 after purchasing an additional 78,786 shares during the period. 36.26% of the stock is owned by institutional investors.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, Director Barbara Adams purchased 3,381 shares of the stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the purchase, the director now owns 22,082 shares of the company’s stock, valued at $443,848.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on FSK shares. Keefe, Bruyette & Woods cut their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their target price on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $21.00 in a report on Wednesday, May 29th. Finally, B. Riley reiterated a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, FS KKR Capital has an average rating of “Hold” and a consensus price target of $20.28.

FS KKR Capital Stock Up 0.3 %

Shares of NYSE:FSK traded up $0.06 during midday trading on Friday, reaching $19.74. 988,597 shares of the company were exchanged, compared to its average volume of 1,551,939. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $19.81 and a two-hundred day simple moving average of $19.75. The firm has a market cap of $5.53 billion, a PE ratio of 8.21 and a beta of 1.24.

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

FS KKR Capital Increases Dividend

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

FS KKR Capital Company 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.