Union Bancaire Privee UBP SA Acquires Shares of 89,625 FS KKR Capital Corp. $FSK
by Jessica Moore · The Cerbat GemUnion Bancaire Privee UBP SA purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 89,625 shares of the company’s stock, valued at approximately $1,360,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSK. Commonwealth Equity Services LLC lifted its position in shares of FS KKR Capital by 0.7% during the second quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock valued at $89,514,000 after purchasing an additional 28,619 shares in the last quarter. Generali Asset Management SPA SGR raised its stake in shares of FS KKR Capital by 21.7% during the 2nd quarter. Generali Asset Management SPA SGR now owns 2,485,265 shares of the company’s stock worth $51,569,000 after purchasing an additional 442,374 shares during the period. Legal & General Group Plc raised its stake in shares of FS KKR Capital by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 2,147,309 shares of the company’s stock worth $44,546,000 after purchasing an additional 66,943 shares during the period. Cura Wealth Advisors LLC boosted its holdings in shares of FS KKR Capital by 1.1% in the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock worth $37,387,000 after buying an additional 19,367 shares during the last quarter. Finally, CCLA Investment Management bought a new position in FS KKR Capital during the second quarter valued at about $33,463,000. 36.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on FSK shares. Royal Bank Of Canada lowered their price target on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, November 14th. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. dropped their price target on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Finally, Wells Fargo & Company raised shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock in a report on Monday, October 6th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.50.
Check Out Our Latest Analysis on FSK
Insider Transactions at FS KKR Capital
In other news, insider Daniel Pietrzak bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $15.15 per share, with a total value of $151,500.00. Following the acquisition, the insider owned 59,800 shares of the company’s stock, valued at approximately $905,970. The trade was a 20.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael C. Forman purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was purchased at an average cost of $15.50 per share, with a total value of $155,000.00. Following the completion of the acquisition, the chief executive officer owned 24,220 shares in the company, valued at approximately $375,410. This trade represents a 70.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.18% of the company’s stock.
FS KKR Capital Price Performance
FS KKR Capital stock opened at $15.02 on Thursday. FS KKR Capital Corp. has a one year low of $14.05 and a one year high of $24.10. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19. The business has a fifty day moving average price of $15.31 and a 200-day moving average price of $17.80.
FS KKR Capital (NYSE:FSK – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The company had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. During the same period in the previous year, the company posted $0.74 EPS. As a group, equities analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.
FS KKR Capital Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. FS KKR Capital’s dividend payout ratio is presently 263.92%.
About FS KKR Capital
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.
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