Resources Investment Advisors LLC. Has $1.13 Million Holdings in FS KKR Capital Corp. (NYSE:FSK)

Posted by Defense World Staff on Aug 21st, 2023

Resources Investment Advisors LLC. grew its holdings in FS KKR Capital Corp. (NYSE:FSK – Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,152 shares of the company’s stock after purchasing an additional 2,361 shares during the quarter. Resources Investment Advisors LLC.’s holdings in FS KKR Capital were worth $1,131,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its holdings in FS KKR Capital by 52.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 159,423 shares of the company’s stock worth $2,790,000 after acquiring an additional 54,818 shares during the period. Arete Wealth Advisors LLC acquired a new stake in shares of FS KKR Capital during the first quarter worth $18,295,251,000,000. West Michigan Advisors LLC increased its holdings in FS KKR Capital by 0.7% in the fourth quarter. West Michigan Advisors LLC now owns 285,151 shares of the company’s stock valued at $4,990,000 after purchasing an additional 2,104 shares during the last quarter. Kovack Advisors Inc. lifted its stake in FS KKR Capital by 4.0% in the first quarter. Kovack Advisors Inc. now owns 40,327 shares of the company’s stock valued at $746,000 after buying an additional 1,538 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in FS KKR Capital by 86.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,000 shares of the company’s stock worth $210,000 after buying an additional 5,580 shares during the last quarter. Institutional investors and hedge funds own 33.66% of the company’s stock.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $20.12 per share, with a total value of $100,600.00. Following the completion of the transaction, the insider now directly owns 32,500 shares in the company, valued at approximately $653,900. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer increased their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Wednesday, August 9th. TheStreet cut shares of FS KKR Capital from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Finally, B. Riley assumed coverage on shares of FS KKR Capital in a research report on Thursday, July 27th. They issued a “buy” rating and a $21.00 price objective for the company. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.92.

View Our Latest Analysis on FSK

FS KKR Capital Trading Up 0.7 %

Shares of NYSE:FSK opened at $20.01 on Monday. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 19.81 and a beta of 1.37. FS KKR Capital Corp. has a 12 month low of $16.70 and a 12 month high of $22.36. The company’s fifty day simple moving average is $19.62 and its 200 day simple moving average is $19.19. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.18.

FS KKR Capital (NYSE:FSK – Get Free Report) last released its earnings results on Monday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $462.00 million during the quarter, compared to analysts’ expectations of $449.67 million. FS KKR Capital had a return on equity of 12.43% and a net margin of 15.80%. During the same quarter in the prior year, the company earned $0.67 EPS. As a group, research analysts forecast that FS KKR Capital Corp. will post 3.08 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, September 12th. FS KKR Capital’s dividend payout ratio (DPR) is currently 253.47%.

FS KKR Capital Company Profile

(Free Report)

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.