Graypoint LLC Acquires 3,782 Shares of FS KKR Capital Corp. (NYSE:FSK)

Graypoint LLC increased its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,330 shares of the company’s stock after purchasing an additional 3,782 shares during the quarter. Graypoint LLC’s holdings in FS KKR Capital were worth $2,236,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Van ECK Associates Corp increased its stake in FS KKR Capital by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after purchasing an additional 356,704 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in FS KKR Capital by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after purchasing an additional 188,542 shares in the last quarter. LPL Financial LLC increased its stake in FS KKR Capital by 1.8% during the 2nd quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock worth $66,141,000 after purchasing an additional 59,240 shares in the last quarter. International Assets Investment Management LLC increased its stake in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after purchasing an additional 3,012,711 shares in the last quarter. Finally, LSV Asset Management increased its stake in FS KKR Capital by 3.2% during the 1st quarter. LSV Asset Management now owns 1,966,418 shares of the company’s stock worth $37,500,000 after purchasing an additional 60,700 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Trading Up 0.6 %

NYSE FSK opened at $20.94 on Friday. The company has a market cap of $5.86 billion, a PE ratio of 9.27 and a beta of 1.25. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $21.14. The stock has a 50 day moving average of $20.10 and a 200-day moving average of $19.94.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, equities research analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.70 dividend. This represents a yield of 12.7%. 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. FS KKR Capital’s dividend payout ratio is 113.27%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FSK. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company reduced their price target on 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. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and an average target price of $19.94.

Insider Activity at FS KKR Capital

In related 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 value of $3,816,918.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

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.