Dalton Investments LLC bought a new position in FS KKR Capital Corp (NYSE:FSK) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 526,656 shares of the company’s stock, valued at approximately $3,139,000. FS KKR Capital comprises approximately 1.4% of Dalton Investments LLC’s portfolio, making the stock its 18th biggest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in FSK. Raymond James Trust N.A. bought a new position in FS KKR Capital in the 2nd quarter worth about $113,000. Edge Wealth Management LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth about $513,000. Gradient Investments LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth about $31,000. Biechele Royce Advisors purchased a new position in shares of FS KKR Capital in the 2nd quarter worth about $725,000. Finally, NEXT Financial Group Inc boosted its holdings in shares of FS KKR Capital by 139.5% in the 2nd quarter. NEXT Financial Group Inc now owns 12,806 shares of the company’s stock worth $76,000 after purchasing an additional 7,460 shares in the last quarter. Institutional investors and hedge funds own 30.06% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Raymond James assumed coverage on FS KKR Capital in a report on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 price objective for the company. ValuEngine upgraded FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price objective for the company in a report on Friday, August 9th. Finally, Zacks Investment Research upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $7.38.
In related news, Director Richard I. Goldstein bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost of $5.76 per share, for a total transaction of $28,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael J. Hagan bought 42,100 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $5.95 per share, with a total value of $250,495.00. Insiders have purchased a total of 57,100 shares of company stock valued at $335,795 over the last 90 days. 0.35% of the stock is currently owned by company insiders.
FSK opened at $5.98 on Friday. The stock has a 50-day moving average price of $5.77 and a 200-day moving average price of $6.08. FS KKR Capital Corp has a 12-month low of $5.09 and a 12-month high of $7.47. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.10 billion, a P/E ratio of 7.03, a PEG ratio of 2.67 and a beta of 1.09.
FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. FS KKR Capital had a return on equity of 8.66% and a net margin of 12.11%. The firm had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $194.84 million. On average, equities research analysts predict that FS KKR Capital Corp will post 0.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 12.72%. The ex-dividend date is Tuesday, September 17th. FS KKR Capital’s dividend payout ratio is presently 89.41%.
FS KKR Capital Company 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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