MML Investors Services LLC Takes $5.01 Million Position in FS KKR Capital Corp (NYSE:FSK)
MML Investors Services LLC bought a new stake in FS KKR Capital Corp (NYSE:FSK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 841,228 shares of the company’s stock, valued at approximately $5,014,000. MML Investors Services LLC owned 0.16% of FS KKR Capital at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Callodine Capital Management LP acquired a new position in shares of FS KKR Capital in the 2nd quarter valued at $8,435,000. Aptus Capital Advisors LLC acquired a new position in FS KKR Capital in the 2nd quarter valued at $66,000. Northern Trust Corp acquired a new position in FS KKR Capital in the 2nd quarter valued at $1,073,000. IHT Wealth Management LLC acquired a new position in FS KKR Capital in the 2nd quarter valued at $909,000. Finally, GAM Holding AG acquired a new position in FS KKR Capital in the 2nd quarter valued at $563,000. 30.06% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on FSK shares. Zacks Investment Research raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price objective on the stock in a research note on Friday, August 9th. ValuEngine raised shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Raymond James started coverage on shares of FS KKR Capital in a research note on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.38.
FSK traded up $0.03 during trading on Friday, hitting $5.95. The stock had a trading volume of 345,387 shares, compared to its average volume of 1,748,618. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a market capitalization of $3.09 billion, a P/E ratio of 7.01, a PEG ratio of 2.67 and a beta of 1.09. The company’s 50-day moving average price is $5.77 and its 200 day moving average price is $6.08. FS KKR Capital Corp has a twelve month low of $5.09 and a twelve month high of $7.47.
FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $199.00 million for the quarter, compared to analyst estimates of $194.84 million. FS KKR Capital had a net margin of 12.11% and a return on equity of 8.66%. As a group, equities analysts expect that FS KKR Capital Corp will post 0.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.76 annualized dividend and a dividend yield of 12.77%. FS KKR Capital’s payout ratio is currently 89.41%.
About FS KKR Capital
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.
Featured Article: Capital Gains Distribution
Want to see what other hedge funds are holding FSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS KKR Capital Corp (NYSE:FSK).
Receive News & Ratings for FS KKR Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS KKR Capital and related companies with MarketBeat.com's FREE daily email newsletter.