Williams Financial LLC Acquires Shares of 83,538 FS KKR Capital Corp. (NYSE:FSK)

Williams Financial LLC acquired a new stake in FS KKR Capital Corp. (NYSE:FSK) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 83,538 shares of the company’s stock, valued at approximately $1,642,000.

Several other large investors have also made changes to their positions in FSK. Summit Securities Group LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth $30,000. Ridgewood Investments LLC purchased a new stake in shares of FS KKR Capital during the second quarter worth about $37,000. Mather Group LLC. acquired a new position in shares of FS KKR Capital during the 1st quarter worth about $39,000. Rothschild Investment LLC purchased a new position in FS KKR Capital in the 2nd quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. boosted its holdings in FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after buying 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 Stock Performance

Shares of FS KKR Capital stock opened at $19.74 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. The business’s 50 day moving average price is $19.91 and its 200 day moving average price is $19.62. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 8.23 and a beta of 1.26. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same quarter in the previous year, the firm earned $0.78 EPS. On average, research analysts predict that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Dividend Announcement

The company also recently declared a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a dividend yield of 13.33%. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on FSK shares. Wells Fargo & Company reduced their target price on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.06.

About FS KKR Capital

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.