Wealthstar Advisors LLC bought a new stake in FS KKR Capital Corp (NYSE:FSK) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 316,151 shares of the company’s stock, valued at approximately $1,883,000. FS KKR Capital comprises approximately 1.1% of Wealthstar Advisors LLC’s portfolio, making the stock its 11th largest position. Wealthstar Advisors LLC owned about 0.06% of FS KKR Capital as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horan Securities Inc. bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $27,000. Kistler Tiffany Companies LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $31,000. Gradient Investments LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $31,000. Hanson McClain Inc. bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $31,000. Finally, Barnett & Company Inc. bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $35,000. 29.14% of the stock is owned by institutional investors.
In other news, Director Richard I. Goldstein bought 5,000 shares of FS KKR Capital stock in a transaction on Wednesday, June 5th. The shares were purchased at an average price of $5.99 per share, for a total transaction of $29,950.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stephen Sypherd bought 16,807 shares of FS KKR Capital stock in a transaction on Wednesday, June 5th. The shares were purchased at an average price of $5.95 per share, for a total transaction of $100,001.65. The disclosure for this purchase can be found here. Insiders have acquired a total of 50,107 shares of company stock worth $294,452 in the last quarter. Company insiders own 0.35% of the company’s stock.
FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating 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 business had revenue of $199.00 million during the quarter, compared to analyst estimates of $194.84 million. Sell-side analysts forecast that FS KKR Capital Corp will post 0.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 13.45%. FS KKR Capital’s dividend payout ratio (DPR) is 89.41%.
A number of research analysts have commented on the company. Raymond James assumed coverage on FS KKR Capital in a research report on Wednesday, June 5th. They set a “market perform” rating and a $6.01 price target for the company. National Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of FS KKR Capital in a research report on Monday, May 13th. Zacks Investment Research raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. ValuEngine lowered FS KKR Capital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target for the company in a research report on Friday, August 9th. One equities 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.
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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