Dalton Investments LLC bought a new stake in shares of FS KKR Capital Corp (NYSE:FSK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 526,656 shares of the company’s stock, valued at approximately $3,139,000. FS KKR Capital comprises about 1.4% of Dalton Investments LLC’s holdings, making the stock its 18th largest position. Dalton Investments LLC owned about 0.10% of FS KKR Capital at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. US Bancorp DE purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $356,000. Virtus ETF Advisers LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $5,077,000. HighTower Advisors LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $1,692,000. United Capital Financial Advisers LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $417,000. Finally, Eagle Global Advisors LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $576,000. 30.06% of the stock is currently owned by institutional investors.
FSK stock opened at $5.98 on Friday. The stock’s fifty day simple moving average is $5.77 and its two-hundred day simple moving average is $6.08. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.84. FS KKR Capital Corp has a 1-year low of $5.09 and a 1-year high of $7.47. The stock has a market cap of $3.10 billion, a P/E ratio of 7.03, a P/E/G ratio of 2.67 and a beta of 1.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.76 annualized dividend and a yield of 12.72%. FS KKR Capital’s dividend payout ratio is currently 89.41%.
In other FS KKR Capital news, Director Michael J. Hagan acquired 42,100 shares of the business’s stock in a transaction on Monday, September 9th. The shares were acquired at an average price of $5.95 per share, with a total value of $250,495.00. Also, insider Daniel Pietrzak acquired 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $5.65 per share, for a total transaction of $56,500.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 57,100 shares of company stock worth $335,795. Insiders own 0.35% of the company’s stock.
Several brokerages recently issued reports on FSK. ValuEngine raised FS KKR Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th. Raymond James began coverage on FS KKR Capital in a research report on Wednesday, June 5th. They set a “market perform” rating and a $6.01 target price on the stock. Zacks Investment Research raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.38.
FS KKR Capital Company Profile
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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