FS KKR Capital Corp. (NYSE:FSK) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,747,770 shares of the company’s stock after purchasing an additional 356,704 shares during the quarter. Van ECK Associates Corp owned 2.05% of FS KKR Capital worth $117,886,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSK. Norden Group LLC acquired a new stake in FS KKR Capital during the 1st quarter worth approximately $1,362,000. Diversify Advisory Services LLC acquired a new stake in FS KKR Capital in the first quarter valued at approximately $662,000. Janney Montgomery Scott LLC grew its position in FS KKR Capital by 30.0% in the first quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock valued at $1,237,000 after acquiring an additional 14,977 shares in the last quarter. Choreo LLC grew its position in FS KKR Capital by 3.1% in the first quarter. Choreo LLC now owns 30,116 shares of the company’s stock valued at $574,000 after acquiring an additional 897 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in FS KKR Capital by 38.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 146,100 shares of the company’s stock valued at $2,786,000 after acquiring an additional 40,460 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael C. Forman sold 195,139 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, with a total value of $96,050.00. Following the completion of the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $3,816,918.84. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

FS KKR Capital Stock Down 0.5 %

Shares of FS KKR Capital stock traded down $0.10 on Friday, hitting $20.14. 1,241,255 shares of the company’s stock traded hands, compared to its average volume of 1,055,415. The stock has a market cap of $5.64 billion, a P/E ratio of 8.91 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average is $20.07 and its 200 day moving average is $19.91. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating 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 company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $426.41 million. During the same period in the prior year, the business posted $0.78 EPS. Equities analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share 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. Investors of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is 113.27%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. 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 report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and a consensus target price of $19.94.

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.