Drive Wealth Management LLC Sells 82,839 Shares of FS KKR Capital Corp. (NYSE:FSK)

Drive Wealth Management LLC trimmed its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,360 shares of the company's stock after selling 82,839 shares during the period. FS KKR Capital accounts for about 1.6% of Drive Wealth Management LLC's portfolio, making the stock its 11th biggest holding. Drive Wealth Management LLC owned approximately 0.09% of FS KKR Capital worth $4,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its holdings in shares of FS KKR Capital by 23.1% in the 1st quarter. US Bancorp DE now owns 7,993 shares of the company's stock valued at $182,000 after purchasing an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of FS KKR Capital by 120.5% in the first quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company's stock worth $161,000 after acquiring an additional 3,861 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of FS KKR Capital by 4.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company's stock valued at $2,181,000 after purchasing an additional 4,157 shares in the last quarter. Ergoteles LLC bought a new stake in shares of FS KKR Capital during the 1st quarter valued at approximately $414,000. Finally, Symphony Financial Ltd. Co. increased its position in FS KKR Capital by 11.9% during the 1st quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company's stock worth $718,000 after purchasing an additional 3,359 shares in the last quarter. Institutional investors own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial dropped their price target on FS KKR Capital from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, February 28th. Wells Fargo & Company boosted their price target on FS KKR Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of FS KKR Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, February 28th. Compass Point downgraded shares of FS KKR Capital from a "buy" rating to a "neutral" rating and dropped their target price for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. Finally, Hovde Group reaffirmed a "market perform" rating and set a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $20.06.

FS KKR Capital Stock Down 0.6 %

Shares of FSK stock traded down $0.12 during trading hours on Monday, hitting $18.95. 1,536,699 shares of the company's stock traded hands, compared to its average volume of 1,796,195. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.20. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 7.66 and a beta of 1.25. The stock's fifty day simple moving average is $19.58 and its two-hundred day simple moving average is $19.74. FS KKR Capital Corp. has a 12-month low of $17.50 and a 12-month high of $20.99.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. The firm had revenue of $447.00 million for the quarter, compared to analysts' expectations of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same period in the prior year, the firm posted $0.81 earnings per share. On average, analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th will be given a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $2.56 annualized dividend and a yield of 13.51%. FS KKR Capital's dividend payout ratio (DPR) is presently 102.81%.

Insider Activity

In related news, insider Daniel Pietrzak bought 7,300 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the transaction, the insider now owns 39,800 shares of the company's stock, valued at $745,454. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.22% of the company's stock.

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.

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