Atomi Financial Group Inc. Makes New $468,000 Investment in FS KKR Capital Corp. (NYSE:FSK)

by · The Markets Daily

Atomi Financial Group Inc. acquired a new stake in FS KKR Capital Corp. (NYSE:FSK – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 23,743 shares of the company’s stock, valued at approximately $468,000.

A number of other institutional investors have also recently made changes to their positions in FSK. Atticus Wealth Management LLC boosted its position in shares of FS KKR Capital by 14.1% during the first quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock valued at $87,000 after purchasing an additional 562 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of FS KKR Capital by 1.4% during the 2nd quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock valued at $797,000 after buying an additional 573 shares in the last quarter. Focus Financial Network Inc. grew its position in shares of FS KKR Capital by 3.2% in the 2nd quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock worth $477,000 after buying an additional 719 shares during the period. CFO4Life Group LLC grew its position in shares of FS KKR Capital by 2.6% in the 1st quarter. CFO4Life Group LLC now owns 31,110 shares of the company’s stock worth $593,000 after buying an additional 775 shares during the period. Finally, Choreo LLC increased its stake in shares of FS KKR Capital by 3.1% in the 1st quarter. Choreo LLC now owns 30,116 shares of the company’s stock worth $574,000 after acquiring an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.6 %

NYSE:FSK opened at $20.12 on Friday. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 8.38 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average price is $19.74 and its 200-day moving average price is $19.75. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $20.99.

FS KKR Capital (NYSE:FSK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $426.41 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, equities research analysts forecast that FS KKR Capital Corp. will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently declared a None dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th were paid a $0.64 dividend. The ex-dividend date was Wednesday, September 11th. This represents a dividend yield of 13.33%. FS KKR Capital’s dividend payout ratio is presently 106.67%.

Insider Activity

In related news, insider Daniel Pietrzak bought 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the transaction, the insider now owns 44,800 shares in the company, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the completion of the transaction, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on FSK shares. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, FS KKR Capital currently has an average rating of “Hold” and an average target price of $20.06.

View Our Latest Stock Report on FSK

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.

Further Reading

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