Crescent Grove Advisors LLC Has $2.58 Million Stock Position in FS KKR Capital Corp. (NYSE:FSK)

Crescent Grove Advisors LLC boosted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 776.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,750 shares of the company’s stock after acquiring an additional 112,285 shares during the quarter. Crescent Grove Advisors LLC’s holdings in FS KKR Capital were worth $2,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at about $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital in the second quarter valued at approximately $37,000. Rothschild Investment LLC bought a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $39,000. Financial Gravity Asset Management Inc. increased its holdings 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 worth $42,000 after acquiring an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter worth approximately $50,000. 36.26% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital 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. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Trading Up 1.2 %

FSK stock opened at $20.29 on Wednesday. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99. The company has a market capitalization of $5.68 billion, a PE ratio of 8.98 and a beta of 1.25. The company’s 50-day simple moving average is $20.07 and its 200 day simple moving average is $19.93. 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 (NYSE:FSK) last announced its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $426.41 million. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. During the same period last year, the firm earned $0.78 earnings per share. As a group, sell-side analysts anticipate that FS KKR Capital Corp. will post 2.86 earnings per share for the current 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 issued a $0.70 dividend. The ex-dividend date 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 payout ratio is currently 113.27%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FSK shares. 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 reduced their target price on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.