Global Retirement Partners LLC Buys New Holdings in FS KKR Capital Corp. $FSK

Global Retirement Partners LLC purchased a new position in FS KKR Capital Corp. (NYSE:FSK) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 85,057 shares of the company’s stock, valued at approximately $1,765,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new stake in shares of FS KKR Capital in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in FS KKR Capital during the first quarter valued at $29,000. Trust Co. of Vermont boosted its holdings in FS KKR Capital by 51.0% in the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after purchasing an additional 515 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in FS KKR Capital during the 1st quarter worth about $34,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of FS KKR Capital during the 1st quarter valued at about $42,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FS KKR Capital

In other news, CEO Michael C. Forman acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the purchase, the chief executive officer owned 24,220 shares in the company, valued at approximately $375,410. This represents a 70.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Pietrzak bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the transaction, the insider owned 59,800 shares of the company’s stock, valued at approximately $905,970. This represents a 20.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 20,330 shares of company stock valued at $312,480. 0.18% of the stock is owned by company insiders.

FS KKR Capital Trading Up 1.0%

FS KKR Capital stock opened at $16.13 on Thursday. The company’s fifty day moving average price is $15.17 and its 200 day moving average price is $18.37. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. FS KKR Capital Corp. has a 1 year low of $14.05 and a 1 year high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share for the quarter, hitting 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 company had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $374.89 million. During the same period in the prior year, the business posted $0.74 earnings per share. On average, sell-side analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a yield of 15.9%. FS KKR Capital’s dividend payout ratio (DPR) is currently 263.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FSK shares. Zacks Research downgraded FS KKR Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. lowered their price objective on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Royal Bank Of Canada dropped their price objective on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Friday, November 14th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price for the company in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $17.50.

FS KKR Capital Profile

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.