Proactive Wealth Strategies LLC Takes $1.03 Million Position in FS KKR Capital Corp. (NYSE:FSK)

Proactive Wealth Strategies LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the 3rd quarter, Holdings Channel.com reports. The firm bought 52,040 shares of the company’s stock, valued at approximately $1,027,000.

Other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in FS KKR Capital during the second quarter worth about $30,000. Ridgewood Investments LLC purchased a new position in shares of FS KKR Capital during the 2nd quarter valued at about $37,000. Rothschild Investment LLC bought a new stake in FS KKR Capital in the 2nd quarter worth approximately $39,000. Financial Gravity Asset Management Inc. boosted its stake in 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 buying an additional 1,421 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in FS KKR Capital during the second quarter valued at approximately $50,000. Institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FSK. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company decreased their price objective on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $19.94.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $21.08 on Tuesday. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 11.21 and a beta of 1.25. The stock has a fifty day moving average of $20.12 and a 200 day moving average of $19.96. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $21.24. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.25%. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, research analysts expect 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 announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio is currently 136.17%.

Insider Buying and Selling

In related news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by company insiders.

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.