Dorsey & Whitney Trust CO LLC raised its holdings in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 25.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,000 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in FS KKR Capital were worth $291,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of FSK. Kohlberg Kravis Roberts & Co. L.P. lifted its position in FS KKR Capital by 18.6% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 19,726,981 shares of the company’s stock valued at $450,170,000 after buying an additional 3,100,501 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of FS KKR Capital by 47.9% during the 2nd quarter. Van ECK Associates Corp now owns 3,789,230 shares of the company’s stock worth $73,586,000 after purchasing an additional 1,228,034 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of FS KKR Capital by 4.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,188,982 shares of the company’s stock worth $42,510,000 after purchasing an additional 87,500 shares during the period. Advisor Group Holdings Inc. increased its holdings in FS KKR Capital by 1.5% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,100,912 shares of the company’s stock valued at $40,837,000 after purchasing an additional 30,508 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in FS KKR Capital by 50.6% in the first quarter. River Road Asset Management LLC now owns 1,905,874 shares of the company’s stock valued at $43,492,000 after purchasing an additional 640,238 shares during the period. Institutional investors and hedge funds own 35.74% of the company’s stock.
FS KKR Capital Stock Performance
Shares of FS KKR Capital stock opened at $19.80 on Thursday. The business has a 50-day simple moving average of $18.73 and a 200-day simple moving average of $20.20. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.11 and a current ratio of 2.11. FS KKR Capital Corp. has a one year low of $16.70 and a one year high of $23.44. The company has a market cap of $5.60 billion, a PE ratio of 27.50 and a beta of 1.38.
FS KKR Capital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 13.74%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, December 13th. FS KKR Capital’s payout ratio is 338.89%.
Insider Transactions at FS KKR Capital
In other FS KKR Capital news, insider Daniel Pietrzak bought 6,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average price of $18.76 per share, with a total value of $112,560.00. Following the transaction, the insider now owns 27,500 shares of the company’s stock, valued at $515,900. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 7,625 shares of company stock valued at $144,400. 0.20% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
FSK has been the topic of several research analyst reports. Compass Point cut their price objective on FS KKR Capital to $24.00 in a report on Monday, August 15th. Wells Fargo & Company increased their price target on shares of FS KKR Capital from $18.00 to $18.50 and gave the stock an “equal weight” rating in a research report on Wednesday, November 9th. Hovde Group dropped their price objective on shares of FS KKR Capital to $21.00 in a report on Wednesday, October 5th. Finally, Royal Bank of Canada decreased their price target on shares of FS KKR Capital from $23.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 10th.
FS KKR Capital Profile
FS KKR Capital Corp investment company located in US with an EBITDA of $25 to $100 million. The fund focus on Broad range of sectors. It participates in debt and buyout capital transactions.
- Get a free copy of the StockNews.com research report on FS KKR Capital (FSK)
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