FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 45.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,179 shares of the company’s stock after acquiring an additional 16,017 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in FS KKR Capital were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FSK. Summit Securities Group LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at approximately $30,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital during the second quarter worth $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital in the second quarter valued at $39,000. Financial Gravity Asset Management Inc. raised its holdings in shares of 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 valued at $42,000 after buying an additional 1,421 shares during the period. Finally, New Millennium Group LLC acquired a new position in FS KKR Capital during the 2nd quarter worth about $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSK. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.94.

Insider Transactions at FS KKR Capital

In other news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Up 0.9 %

Shares of FSK traded up $0.18 during midday trading on Tuesday, hitting $20.22. The company had a trading volume of 194,813 shares, compared to its average volume of 1,406,836. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The firm has a market capitalization of $5.66 billion, a P/E ratio of 8.87 and a beta of 1.25. 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 company’s 50-day simple moving average is $20.07 and its 200-day simple moving average is $19.92.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $426.41 million. During the same quarter last year, the company earned $0.78 earnings per share. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.86 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.70 dividend. This represents a dividend yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is presently 113.27%.

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.