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FS KKR Capital Corp. (NYSE:FSK) Shares Bought by OneAscent Financial Services LLC

Financial News Live · Jan 17, 2023 09:32

OneAscent Financial Services LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,291 shares of the company's stock after acquiring an additional 2,812 shares during the period. OneAscent Financial Services LLC's holdings in FS KKR Capital were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FSK. Assetmark Inc. lifted its stake in FS KKR Capital by 129,200.0% during the second quarter. Assetmark Inc. now owns 1,293 shares of the company's stock valued at $25,000 after purchasing an additional 1,292 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in FS KKR Capital during the third quarter valued at approximately $27,000. Charter Oak Capital Management LLC acquired a new stake in FS KKR Capital during the second quarter valued at approximately $28,000. SJS Investment Consulting Inc. acquired a new stake in FS KKR Capital during the third quarter valued at approximately $38,000. Finally, EdgeRock Capital LLC acquired a new stake in FS KKR Capital during the third quarter valued at approximately $40,000. 41.43% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 6,000 shares of the company's stock in a transaction on Wednesday, November 9th. The shares were purchased at an average price of $18.76 per share, for a total transaction of $112,560.00. Following the purchase, the insider now owns 27,500 shares in the company, valued at $515,900. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of FS KKR Capital from $18.00 to $18.50 and gave the company an "equal weight" rating in a research note on Wednesday, November 9th. Hovde Group reduced their price target on shares of FS KKR Capital to $21.00 in a research report on Wednesday, October 5th. Finally, Royal Bank of Canada reduced their price target on shares of FS KKR Capital from $23.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, November 10th.

FS KKR Capital Stock Down 0.4 %

Shares of NYSE:FSK opened at $18.84 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market cap of $5.33 billion, a PE ratio of 26.17 and a beta of 1.37. FS KKR Capital Corp. has a 52 week low of $16.70 and a 52 week high of $23.44. The firm has a 50 day simple moving average of $18.60 and a 200 day simple moving average of $19.62.

FS KKR Capital (NYSE:FSK – Get Rating) last released its quarterly earnings data on Monday, November 7th. The company reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. The firm had revenue of $411.00 million for the quarter, compared to analyst estimates of $407.90 million. FS KKR Capital had a net margin of 13.29% and a return on equity of 10.47%. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 14.44%. The ex-dividend date was Tuesday, December 13th. This is a positive change from FS KKR Capital's previous quarterly dividend of $0.67. FS KKR Capital's dividend payout ratio is currently 338.89%.

FS KKR Capital Company Profile

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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.