AI Financial Services LLC raised its holdings in shares of FS KKR Capital Corp (NYSE:FSK) by 54.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,874 shares of the company’s stock after buying an additional 15,483 shares during the period. FS KKR Capital comprises 0.4% of AI Financial Services LLC’s investment portfolio, making the stock its 20th largest position. AI Financial Services LLC’s holdings in FS KKR Capital were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Cooper Financial Group acquired a new position in FS KKR Capital during the third quarter valued at approximately $328,000. Rehmann Capital Advisory Group acquired a new position in shares of FS KKR Capital during the second quarter worth $268,000. Atria Investments LLC acquired a new position in shares of FS KKR Capital during the second quarter worth $301,000. Breiter Capital Management Inc. acquired a new position in shares of FS KKR Capital during the second quarter worth $370,000. Finally, RFG Advisory LLC acquired a new position in shares of FS KKR Capital during the second quarter worth $4,238,000. 29.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE FSK traded down $0.02 during trading on Wednesday, reaching $5.65. 56,483 shares of the stock were exchanged, compared to its average volume of 1,884,308. The business’s 50-day moving average price is $5.80 and its 200 day moving average price is $6.00. FS KKR Capital Corp has a twelve month low of $5.09 and a twelve month high of $6.93. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 2.58 and a beta of 1.11.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping 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 business had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $194.84 million. As a group, sell-side analysts expect that FS KKR Capital Corp will post 0.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th were paid a $0.19 dividend. The ex-dividend date was 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 presently 89.41%.

FSK has been the topic of a number of recent research reports. Zacks Investment Research raised shares of FS KKR Capital from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a research report on Friday, August 9th. Finally, ValuEngine raised shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.25.

In related news, insider Daniel Pietrzak purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $5.65 per share, for a total transaction of $56,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard I. Goldstein purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $5.76 per share, with a total value of $28,800.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 57,100 shares of company stock valued at $335,795. Insiders own 0.35% of the company’s stock.

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

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