Naviter Wealth LLC Grows Position in FS KKR Capital Corp. (NYSE:FSK)

Naviter Wealth LLC grew its stake in FS KKR Capital Corp. (NYSE:FSK) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,504 shares of the company’s stock after acquiring an additional 4,015 shares during the quarter. Naviter Wealth LLC owned about 0.09% of FS KKR Capital worth $5,011,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FSK. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital during the second quarter valued at approximately $30,000. Ridgewood Investments LLC acquired a new position in shares of FS KKR Capital in the second quarter worth $37,000. Mather Group LLC. acquired a new stake in shares of FS KKR Capital in the first quarter valued at $39,000. Rothschild Investment LLC acquired a new position in FS KKR Capital during the 2nd quarter worth $39,000. Finally, Financial Gravity Asset Management Inc. boosted its stake 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. 36.26% of the stock is currently owned by institutional investors.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the acquisition, the insider now owns 44,800 shares in the company, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital 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 filing with the SEC, which is available at this hyperlink. Also, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Up 0.1 %

Shares of FSK stock traded up $0.02 during trading hours on Thursday, reaching $20.47. The company had a trading volume of 110,745 shares, compared to its average volume of 1,425,638. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The stock’s fifty day simple moving average is $19.83 and its 200 day simple moving average is $19.79. 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 has a market capitalization of $5.73 billion, a P/E ratio of 8.52 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same quarter last year, the firm earned $0.78 EPS. As a group, sell-side analysts expect that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal 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 given a $0.70 dividend. 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. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

Analyst Upgrades and Downgrades

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

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.