Ellis Investment Partners LLC cut its stake in shares of FS KKR Capital Corp. (NYSE:FSK – Free Report) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 268,708 shares of the company’s stock after selling 1,744 shares during the period. FS KKR Capital accounts for approximately 1.0% of Ellis Investment Partners LLC’s holdings, making the stock its 19th biggest holding. Ellis Investment Partners LLC owned approximately 0.10% of FS KKR Capital worth $5,302,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in FSK. Summit Securities Group LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $37,000. Rothschild Investment LLC acquired a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $39,000. Financial Gravity Asset Management Inc. grew its position in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after buying an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter valued at about $50,000. 36.26% of the stock is owned by hedge funds and other institutional investors.
FS KKR Capital Price Performance
Shares of NYSE:FSK traded down $0.11 during trading on Friday, reaching $20.67. The company had a trading volume of 945,987 shares, compared to its average volume of 1,208,530. The firm’s fifty day moving average is $20.01 and its 200 day moving average is $19.87. The firm has a market capitalization of $5.79 billion, a PE ratio of 9.15 and a beta of 1.25. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $20.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.
FS KKR Capital Increases Dividend
The business also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s dividend payout ratio is 113.27%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company lowered their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.06.
Read Our Latest Stock Report on FSK
Insider Buying and Selling at FS KKR Capital
In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $19.21 per share, with a total value of $96,050.00. Following the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the transaction, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The disclosure for this sale can be found here. Insiders own 0.25% 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.
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