Rockefeller Capital Management L.P. raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 29.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,066 shares of the company’s stock after purchasing an additional 29,839 shares during the period. Rockefeller Capital Management L.P.’s holdings in FS KKR Capital were worth $2,204,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Harvest Investment Services LLC boosted its stake in shares of FS KKR Capital by 0.9% in the 2nd quarter. Harvest Investment Services LLC now owns 60,430 shares of the company’s stock worth $1,173,000 after buying an additional 529 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of FS KKR Capital by 0.9% in the 2nd quarter. Kathmere Capital Management LLC now owns 60,494 shares of the company’s stock worth $1,175,000 after buying an additional 563 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in shares of FS KKR Capital by 0.6% in the 2nd quarter. Integrated Advisors Network LLC now owns 93,723 shares of the company’s stock worth $1,820,000 after buying an additional 568 shares during the last quarter. Level Four Advisory Services LLC boosted its stake in shares of FS KKR Capital by 4.2% in the 2nd quarter. Level Four Advisory Services LLC now owns 14,911 shares of the company’s stock worth $290,000 after buying an additional 605 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its stake in shares of FS KKR Capital by 1.8% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 34,905 shares of the company’s stock worth $678,000 after buying an additional 618 shares during the last quarter. 41.43% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at FS KKR Capital
In other FS KKR Capital news, insider Daniel Pietrzak purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were acquired at an average cost of $18.76 per share, with a total value of $112,560.00. Following the completion of the acquisition, the insider now directly owns 27,500 shares in the company, valued at $515,900. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
FS KKR Capital Price Performance
FS KKR Capital (NYSE:FSK – Get Rating) last announced its earnings results on Monday, November 7th. The company reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. The company had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $407.90 million. FS KKR Capital had a return on equity of 10.47% and a net margin of 13.29%. Sell-side analysts anticipate that FS KKR Capital Corp. will post 2.87 earnings per share for the current year.
FS KKR Capital Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 14.09%. FS KKR Capital’s dividend payout ratio (DPR) is currently 338.89%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on FSK shares. Royal Bank of Canada dropped their price target on FS KKR Capital from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 10th. Hovde Group dropped their price target on FS KKR Capital to $21.00 in a research note on Wednesday, October 5th. Finally, Wells Fargo & Company raised their target price on FS KKR Capital from $18.00 to $18.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 9th.
FS KKR Capital Company 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.
- Get a free copy of the StockNews.com research report on FS KKR Capital (FSK)
- Pliant Therapeutics Gaps 34% Higher: More Upside To Come?
- How Will Early 2023 Layoffs Affect These 5 Biotech Stocks?
- Is the Pain Over for Baudax Bio Investors after a 70% Spike?
- Will Rocket Lab’s First U.S. Launch Send Stock Into Stratosphere?
- When Will Crane Holdings Take Flight?
Receive News & Ratings for FS KKR Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS KKR Capital and related companies with MarketBeat.com's FREE daily email newsletter.