Wealthcare Capital Partners LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,245 shares of the company's stock, valued at approximately $529,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its position in FS KKR Capital by 1.3% during the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company's stock valued at $726,000 after purchasing an additional 423 shares during the last quarter. Kendall Capital Management increased its position in FS KKR Capital by 2.3% during the 4th quarter. Kendall Capital Management now owns 22,897 shares of the company's stock valued at $497,000 after purchasing an additional 517 shares during the period. Endowment Wealth Management Inc. increased its position in FS KKR Capital by 0.6% during the 4th quarter. Endowment Wealth Management Inc. now owns 91,004 shares of the company's stock valued at $1,977,000 after purchasing an additional 582 shares during the period. Lloyd Advisory Services LLC. increased its position in FS KKR Capital by 6.7% during the 4th quarter. Lloyd Advisory Services LLC. now owns 10,687 shares of the company's stock valued at $232,000 after purchasing an additional 667 shares during the period. Finally, Wagner Wealth Management LLC increased its position in FS KKR Capital by 6.4% during the 4th quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company's stock valued at $245,000 after purchasing an additional 679 shares during the period. Institutional investors own 36.26% of the company's stock.
Wall Street Analyst Weigh In
FSK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced 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 report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada cut their price objective on 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. B. Riley began coverage on FS KKR Capital in a research report on Tuesday, May 13th. They set a "neutral" rating and a $19.00 price objective on the stock. Finally, Oppenheimer lowered their price objective on FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, FS KKR Capital currently has an average rating of "Hold" and an average price target of $19.50.
Check Out Our Latest Report on FSK
FS KKR Capital Stock Down 0.1%
Shares of NYSE FSK traded down $0.02 on Wednesday, reaching $21.49. 1,095,071 shares of the company's stock traded hands, compared to its average volume of 1,464,055. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The business's 50 day simple moving average is $20.16 and its two-hundred day simple moving average is $21.43. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 11.43 and a beta of 0.97. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.
FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business's revenue for the quarter was down 7.8% on a year-over-year basis. As a group, equities research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.
FS KKR Capital Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital's payout ratio is 134.74%.
FS KKR Capital Company Profile
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Free Report)
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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