16,745 Shares in FS KKR Capital Corp (NYSE:FSK) Bought by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors bought a new position in FS KKR Capital Corp (NYSE:FSK) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 16,745 shares of the company’s stock, valued at approximately $102,000.

A number of other large investors have also modified their holdings of FSK. Commonwealth Equity Services LLC purchased a new position in FS KKR Capital in the 2nd quarter worth $66,831,000. Advisor Group Inc. purchased a new position in shares of FS KKR Capital in the second quarter valued at about $20,073,000. AE Wealth Management LLC purchased a new position in shares of FS KKR Capital in the second quarter valued at about $5,383,000. Foresight Wealth Management LLC purchased a new position in shares of FS KKR Capital in the second quarter valued at about $3,531,000. Finally, CX Institutional purchased a new position in shares of FS KKR Capital in the second quarter valued at about $3,308,000. Institutional investors own 28.86% of the company’s stock.

In related news, General Counsel Stephen Sypherd purchased 16,807 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, June 5th. The shares were bought at an average price of $5.95 per share, for a total transaction of $100,001.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Pietrzak purchased 10,000 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, June 5th. The shares were bought at an average price of $5.94 per share, for a total transaction of $59,400.00. The disclosure for this purchase can be found here. Insiders have purchased 50,107 shares of company stock worth $294,452 in the last quarter. 0.35% of the stock is owned by corporate insiders.

Shares of FSK stock traded up $0.10 during mid-day trading on Friday, reaching $5.76. The stock had a trading volume of 740,946 shares, compared to its average volume of 1,994,432. The stock’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $6.15. FS KKR Capital Corp has a 52-week low of $5.09 and a 52-week high of $7.74. The firm has a market capitalization of $2.93 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.08. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.84.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $194.84 million. On average, equities research analysts forecast that FS KKR Capital Corp will post 0.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 13.21%. The ex-dividend date is Tuesday, September 17th. FS KKR Capital’s dividend payout ratio is currently 89.41%.

A number of equities analysts have issued reports on the stock. National Securities restated a “buy” rating and issued a $10.00 price objective on shares of FS KKR Capital in a research report on Monday, May 13th. Raymond James assumed coverage on shares of FS KKR Capital in a research report on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 price objective on the stock. Zacks Investment Research upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upgraded shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price objective on the stock in a research report on Friday, August 9th. Finally, ValuEngine cut shares of FS KKR Capital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.38.

About FS KKR Capital

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.

Further Reading: Golden Cross

Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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