Choreo LLC Has $729,000 Stock Holdings in FS KKR Capital Corp. (NYSE:FSK)

Choreo LLC raised its stake in FS KKR Capital Corp. (NYSE:FSK) by 22.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 36,748 shares of the company’s stock after acquiring an additional 6,632 shares during the quarter. Choreo LLC’s holdings in FS KKR Capital were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FSK. Van ECK Associates Corp raised its stake in FS KKR Capital by 26.9% during the 1st quarter. Van ECK Associates Corp now owns 6,603,828 shares of the company’s stock worth $125,935,000 after buying an additional 1,398,998 shares during the period. Cetera Investment Advisers lifted its holdings in shares of FS KKR Capital by 368.3% in the 1st quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock worth $16,911,000 after purchasing an additional 697,453 shares in the last quarter. MGO One Seven LLC grew its position in FS KKR Capital by 2,065.4% in the 4th quarter. MGO One Seven LLC now owns 600,833 shares of the company’s stock valued at $11,999,000 after purchasing an additional 573,086 shares during the period. Maia Wealth LLC bought a new stake in FS KKR Capital during the 2nd quarter valued at $10,560,000. Finally, 1832 Asset Management L.P. increased its stake in FS KKR Capital by 529.7% during the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock valued at $11,635,000 after purchasing an additional 513,239 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $19.21 per share, with a total value of $96,050.00. Following the completion of the acquisition, the insider now owns 44,800 shares of the company’s stock, valued at approximately $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company decreased their price objective on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.06.

FS KKR Capital Trading Up 1.7 %

Shares of FSK stock opened at $19.75 on Friday. FS KKR Capital Corp. has a 52-week low of $18.31 and a 52-week high of $20.99. The company has a 50-day simple moving average of $19.91 and a two-hundred day simple moving average of $19.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 8.23 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. During the same period in the prior year, the company posted $0.78 earnings per share. Research analysts anticipate that FS KKR Capital Corp. will post 2.86 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.64 per share. This represents a dividend yield of 13.33%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s payout ratio is 106.67%.

FS KKR Capital Company Profile

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.