Crescent Grove Advisors LLC Has $2.58 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Crescent Grove Advisors LLC grew its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 776.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,750 shares of the company’s stock after buying an additional 112,285 shares during the quarter. Crescent Grove Advisors LLC’s holdings in FS KKR Capital were worth $2,582,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wedbush Securities Inc. increased its holdings in FS KKR Capital by 1.4% in the 2nd quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock worth $797,000 after purchasing an additional 573 shares in the last quarter. Focus Financial Network Inc. increased its stake in shares of FS KKR Capital by 3.2% in the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after buying an additional 719 shares during the period. CFO4Life Group LLC increased its stake in shares of FS KKR Capital by 2.6% in the first quarter. CFO4Life Group LLC now owns 31,110 shares of the company’s stock valued at $593,000 after buying an additional 775 shares during the period. Souders Financial Advisors boosted its position in FS KKR Capital by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock worth $497,000 after buying an additional 950 shares during the period. Finally, PFG Investments LLC boosted its position in FS KKR Capital by 1.4% during the 2nd quarter. PFG Investments LLC now owns 68,775 shares of the company’s stock worth $1,357,000 after buying an additional 952 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on FSK. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price 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 MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $19.94.

FS KKR Capital Stock Up 1.2 %

Shares of NYSE:FSK opened at $20.29 on Wednesday. The business’s 50-day moving average is $20.07 and its 200-day moving average is $19.93. FS KKR Capital Corp. has a 1 year low of $18.31 and a 1 year high of $20.99. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 8.98 and a beta of 1.25. 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 issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $439.00 million for 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 period in the previous year, the firm earned $0.78 earnings per share. Equities research analysts predict that FS KKR Capital Corp. will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The business also recently announced 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 positive change 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 is currently 113.27%.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on 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 transaction, the insider now owns 44,800 shares in the company, valued at $860,608. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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, for a total transaction of $96,050.00. Following the transaction, the insider now owns 44,800 shares in the company, valued at approximately $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.

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.