Alpha Wealth Funds LLC Buys New Shares in FS KKR Capital Corp. (NYSE:FSK)

Alpha Wealth Funds LLC bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 42,641 shares of the company's stock, valued at approximately $926,000. FS KKR Capital accounts for about 0.9% of Alpha Wealth Funds LLC's investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of FS KKR Capital by 24.8% during the third quarter. Barclays PLC now owns 327,469 shares of the company's stock valued at $6,460,000 after acquiring an additional 65,054 shares during the last quarter. PFG Investments LLC raised its position in shares of FS KKR Capital by 7.4% during the 4th quarter. PFG Investments LLC now owns 73,447 shares of the company's stock worth $1,595,000 after acquiring an additional 5,047 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of FS KKR Capital in the 4th quarter valued at $1,852,000. Perigon Wealth Management LLC raised its stake in FS KKR Capital by 5.0% during the 4th quarter. Perigon Wealth Management LLC now owns 14,505 shares of the company's stock worth $321,000 after acquiring an additional 689 shares in the last quarter. Finally, Strategic Blueprint LLC raised its stake in FS KKR Capital by 2.6% during the 4th quarter. Strategic Blueprint LLC now owns 105,906 shares of the company's stock worth $2,300,000 after acquiring an additional 2,635 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Down 0.6%

FS KKR Capital stock traded down $0.12 during midday trading on Friday, hitting $21.20. 1,148,235 shares of the stock were exchanged, compared to its average volume of 1,475,278. FS KKR Capital Corp. has a 1 year low of $17.42 and a 1 year high of $24.10. The firm has a market cap of $5.94 billion, a P/E ratio of 11.28 and a beta of 0.98. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The company has a 50 day moving average price of $20.14 and a two-hundred day moving average price of $21.43.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company's revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 12.08%. The ex-dividend date is Wednesday, June 18th. FS KKR Capital's dividend payout ratio (DPR) is presently 134.74%.

Analysts Set New Price Targets

FSK has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada decreased their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Oppenheimer decreased their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company reduced their target price on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Finally, B. Riley started coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective for the company. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, FS KKR Capital currently has a consensus rating of "Hold" and a consensus target price of $19.50.

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.