Rockport Wealth LLC Purchases New Position in FS KKR Capital Corp. (NYSE:FSK)

Rockport Wealth LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,710 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors have also modified their holdings of FSK. Citigroup Inc. lifted its stake in shares of FS KKR Capital by 587.2% in the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock valued at $49,000 after purchasing an additional 2,114 shares during the last quarter. Advisor Resource Council bought a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $643,000. Cedar Brook Financial Partners LLC bought a new stake in shares of FS KKR Capital in the 4th quarter valued at approximately $215,000. Mutual Advisors LLC lifted its stake in shares of FS KKR Capital by 22.8% in the 4th quarter. Mutual Advisors LLC now owns 34,467 shares of the company’s stock valued at $688,000 after purchasing an additional 6,392 shares during the last quarter. Finally, Cooper Financial Group raised its holdings in shares of FS KKR Capital by 41.2% in the fourth quarter. Cooper Financial Group now owns 54,823 shares of the company’s stock worth $1,095,000 after buying an additional 15,998 shares during the period. 36.26% of the stock is owned by institutional investors.

Insider Transactions at FS KKR Capital

In related news, Director Barbara Adams purchased 3,381 shares of FS KKR Capital stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $20.10 per share, with a total value of $67,958.10. Following the transaction, the director now owns 22,082 shares in the company, valued at approximately $443,848.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Down 0.3 %

FSK traded down $0.07 during trading on Tuesday, hitting $20.36. 900,506 shares of the stock were exchanged, compared to its average volume of 1,504,073. The firm has a 50 day simple moving average of $20.06 and a 200 day simple moving average of $19.76. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 8.52 and a beta of 1.26. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26.

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

FS KKR Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.75%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Wednesday, June 12th. FS KKR Capital’s payout ratio is presently 106.67%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on 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 FS KKR Capital from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $19.00 to $21.00 in a report on Wednesday, May 29th. Keefe, Bruyette & Woods reduced their price target on 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. Finally, B. Riley reiterated a “buy” rating and issued a $21.00 price target (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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.28.

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.