147,065 FS KKR Capital Corp. $FSK Shares Bought by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its FS KKR Capital stake by 17.6% in the third quarter, adding 147,065 shares to own 981,780 shares valued at approximately $10.79 million. Institutional investors collectively own 36.26% of the company.
• Analyst sentiment remains cautious: six analysts rate FSK a Hold and two rate it Sell, producing an average rating of “Reduce” and an average price target of $11.43.
• FSK reported quarterly EPS of $0.43, slightly above expectations, on revenue of $290 million. The company also announced a $0.20-per-share special dividend payable December 24 to shareholders of record December 16.

Apollon Wealth Management LLC raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 17.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 981,780 shares of the company's stock after acquiring an additional 147,065 shares during the period. Apollon Wealth Management LLC owned approximately 0.36% of FS KKR Capital worth $10,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management boosted its stake in shares of FS KKR Capital by 98.1% during the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company's stock worth $27,000 after acquiring an additional 1,275 shares in the last quarter. Harborfront Financial Group LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter worth $30,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of FS KKR Capital in the 2nd quarter worth about $53,000. Fifth Third Bancorp purchased a new stake in shares of FS KKR Capital in the 1st quarter worth about $65,000. Finally, Continuum Advisory LLC purchased a new stake in shares of FS KKR Capital in the 2nd quarter worth about $76,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FSK. Royal Bank Of Canada restated a "sector perform" rating and issued a $13.00 price objective (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th. Wall Street Zen raised shares of FS KKR Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Wells Fargo & Company downgraded shares of FS KKR Capital from a "sector perform" rating to an "underweight" rating and set a $10.00 price target for the company. in a report on Tuesday, September 29th. Truist Financial lifted their price target on shares of FS KKR Capital from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Friday, August 7th. Finally, Zacks Research raised FS KKR Capital from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, FS KKR Capital currently has an average rating of "Reduce" and an average price target of $11.43.

FS KKR Capital Price Performance

Shares of NYSE FSK opened at $10.39 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28. FS KKR Capital Corp. has a 1-year low of $9.72 and a 1-year high of $16.31. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 5.41 and a beta of 0.86. The business has a 50-day moving average of $11.40 and a 200-day moving average of $11.44.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $290.00 million for the quarter, compared to the consensus estimate of $286.75 million. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. During the same quarter in the previous year, the firm posted ($0.75) EPS. On average, equities analysts anticipate that FS KKR Capital Corp. will post 1.64 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, December 24th. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, December 16th. This represents a yield of 1,633.0%. FS KKR Capital's payout ratio is presently -130.37%.

FS KKR Capital Company Profile

FS KKR Capital Corp. NYSE: FSK is a business development company (BDC) that provides financing to private middle-market companies. The company primarily invests in senior secured loans and other debt instruments, while also making select equity investments. Its portfolio companies generally operate across a range of industries and are typically based in the United States.

FSK is externally managed by FS/KKR Advisor, LLC, a joint venture between FS Investments and KKR. The adviser combines FS Investments' experience in serving individual and institutional investors with KKR's global investment platform and private credit capabilities.

The company traces its history to FS Investment Corporation and Corporate Capital Trust, which combined in 2018 to create FS KKR Capital Corp.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.