89,625 Shares in FS KKR Capital Corp. $FSK Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 89,625 shares of the company’s stock, valued at approximately $1,360,000.

Other institutional investors have also added to or reduced their stakes in the company. CCLA Investment Management acquired a new stake in FS KKR Capital in the second quarter valued at approximately $33,463,000. SCS Capital Management LLC acquired a new stake in shares of FS KKR Capital during the 1st quarter valued at $10,822,000. Generali Asset Management SPA SGR grew its position in FS KKR Capital by 21.7% during the 2nd quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock worth $51,569,000 after acquiring an additional 442,374 shares during the last quarter. Wellington Management Group LLP acquired a new position in FS KKR Capital in the 1st quarter worth about $9,218,000. Finally, Cubist Systematic Strategies LLC bought a new position in FS KKR Capital in the first quarter valued at about $8,342,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Price Performance

FSK opened at $15.02 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital Corp. has a twelve month low of $14.05 and a twelve month high of $24.10. The company has a fifty day moving average of $15.31 and a 200-day moving average of $17.80.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. The business had revenue of $373.00 million for the quarter, compared to analysts’ expectations of $374.89 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.56 annualized dividend and a yield of 17.0%. FS KKR Capital’s dividend payout ratio (DPR) is currently 263.92%.

Analyst Ratings Changes

Several research analysts have recently issued reports on FSK shares. Wall Street Zen downgraded FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. decreased their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company raised shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price target for the company in a research note on Monday, October 6th. Keefe, Bruyette & Woods reduced their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average target price of $17.50.

Insider Buying and Selling

In related news, CEO Michael C. Forman acquired 10,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the purchase, the chief executive officer directly owned 24,220 shares of the company’s stock, valued at $375,410. The trade was a 70.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Pietrzak bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the transaction, the insider directly owned 59,800 shares in the company, valued at $905,970. This trade represents a 20.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.18% of the company’s stock.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.