Tyche Wealth Partners LLC Invests $250,000 in FS KKR Capital Corp. (NYSE:FSK)

Tyche Wealth Partners LLC 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 12,682 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after buying an additional 3,012,711 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of FS KKR Capital during the second quarter valued at about $19,544,000. Cetera Investment Advisers grew its holdings in shares of FS KKR Capital by 368.3% during the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after purchasing an additional 697,453 shares during the last quarter. Maia Wealth LLC bought a new stake in shares of FS KKR Capital during the second quarter worth about $10,560,000. Finally, 1832 Asset Management L.P. grew its position in shares of FS KKR Capital by 529.7% in the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after buying an additional 513,239 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Trading Down 1.9 %

FSK opened at $20.34 on Wednesday. The firm has a market capitalization of $5.70 billion, a PE ratio of 8.48 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The company’s 50-day moving average is $20.03 and its 200 day moving average is $19.88.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same quarter last year, the company earned $0.78 earnings per share. As a group, research analysts predict that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost 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 (DPR) is 106.67%.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FSK shares. Wells Fargo & Company cut their price objective on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, FS KKR Capital presently has an average rating of “Hold” and an average target price of $19.94.

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.