West Michigan Advisors LLC Has $900,000 Stock Position in FS KKR Capital Corp. (NYSE:FSK)

West Michigan Advisors LLC grew its holdings in FS KKR Capital Corp. (NYSE:FSK) by 6.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,050 shares of the company’s stock after purchasing an additional 2,593 shares during the period. West Michigan Advisors LLC’s holdings in FS KKR Capital were worth $900,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter worth about $37,000. Rothschild Investment LLC bought a new position in shares of FS KKR Capital in the 2nd quarter valued at about $39,000. Financial Gravity Asset Management Inc. increased its position in shares of FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after acquiring an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in FS KKR Capital during the second quarter worth about $50,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 1.3 %

FSK stock opened at $20.78 on Friday. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 8.66 and a beta of 1.25. The company has a fifty day moving average price of $19.99 and a two-hundred day moving average price of $19.85. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34.

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

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction on 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 SEC, which is accessible through this hyperlink. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.