Lakeview Capital Partners LLC purchased a new stake in FS KKR Capital Corp (NYSE:FSK) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,052 shares of the company’s stock, valued at approximately $90,000.
Several other hedge funds also recently modified their holdings of FSK. Commonwealth Equity Services LLC bought a new stake in shares of FS KKR Capital in the second quarter valued at approximately $66,831,000. Advisor Group Inc. bought a new stake in shares of FS KKR Capital in the second quarter valued at approximately $20,073,000. AE Wealth Management LLC bought a new stake in shares of FS KKR Capital in the second quarter valued at approximately $5,383,000. Foresight Wealth Management LLC bought a new stake in shares of FS KKR Capital in the second quarter valued at approximately $3,531,000. Finally, CX Institutional bought a new stake in shares of FS KKR Capital in the second quarter valued at approximately $3,308,000. Institutional investors and hedge funds own 29.14% of the company’s stock.
FSK has been the subject of several recent research reports. National Securities reiterated a “buy” rating and issued a $10.00 price target on shares of FS KKR Capital in a research note on Monday, May 13th. JPMorgan Chase & Co. upgraded FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target for the company in a research note on Friday, August 9th. ValuEngine cut FS KKR Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. Raymond James initiated coverage on FS KKR Capital in a research note on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 price target for the company. Finally, Zacks Investment Research upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.38.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. FS KKR Capital had a net margin of 12.11% and a return on equity of 8.66%. The business had revenue of $199.00 million during the quarter, compared to the consensus estimate of $194.84 million. On average, equities research analysts predict that FS KKR Capital Corp will post 0.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.76 annualized dividend and a yield of 13.13%. FS KKR Capital’s dividend payout ratio is currently 89.41%.
In other news, Director Richard I. Goldstein acquired 5,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $29,950.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Pietrzak acquired 10,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $5.65 per share, with a total value of $56,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 50,107 shares of company stock valued at $294,452. Company insiders own 0.35% of the company’s stock.
FS KKR Capital Profile
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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