Nomura Asset Management Co. Ltd. Acquires 3,744 Shares of FS KKR Capital Corp. (NYSE:FSK)

Nomura Asset Management Co. Ltd. raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 164.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,016 shares of the company’s stock after acquiring an additional 3,744 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in FS KKR Capital were worth $119,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FSK. Summit Securities Group LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $30,000. Ridgewood Investments LLC bought a new position in shares of FS KKR Capital during the 2nd quarter valued at $37,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth $39,000. Financial Gravity Asset Management Inc. grew its holdings in shares of FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after acquiring an additional 1,421 shares during the period. Finally, New Millennium Group LLC purchased a new stake in FS KKR Capital during the second quarter valued at $50,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FSK shares. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.25.

Insider Activity at FS KKR Capital

In related news, insider Brian Gerson acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average cost of $22.08 per share, with a total value of $110,400.00. Following the acquisition, the insider now directly owns 15,109 shares in the company, valued at $333,606.72. This represents a 49.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by company insiders.

FS KKR Capital Price Performance

NYSE FSK opened at $21.48 on Monday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $22.39. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 11.43 and a beta of 1.25. The company’s 50 day moving average is $20.99 and its two-hundred day moving average is $20.28.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period last year, the firm earned $0.80 EPS. As a group, research analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

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.