PFG Investments LLC Acquires 53,668 Shares of FS KKR Capital Corp. (NYSE:FSK)

PFG Investments LLC increased its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 379.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,823 shares of the company's stock after purchasing an additional 53,668 shares during the period. PFG Investments LLC's holdings in FS KKR Capital were worth $1,293,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC boosted its holdings in FS KKR Capital by 990.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 112,128 shares of the company's stock worth $2,239,000 after purchasing an additional 101,845 shares in the last quarter. GP Brinson Investments LLC lifted its position in FS KKR Capital by 78.4% during the 4th quarter. GP Brinson Investments LLC now owns 517,707 shares of the company's stock worth $10,339,000 after acquiring an additional 227,573 shares during the last quarter. Alpine Global Management LLC acquired a new position in FS KKR Capital during the 3rd quarter worth $2,397,000. Integrated Wealth Concepts LLC lifted its position in FS KKR Capital by 3.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,985 shares of the company's stock worth $1,476,000 after acquiring an additional 2,627 shares during the last quarter. Finally, LPL Financial LLC lifted its position in FS KKR Capital by 2.3% during the 3rd quarter. LPL Financial LLC now owns 2,997,068 shares of the company's stock worth $59,012,000 after acquiring an additional 66,636 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

NYSE FSK traded up $0.10 on Friday, reaching $19.33. The company's stock had a trading volume of 958,030 shares, compared to its average volume of 1,282,233. The firm has a market cap of $5.41 billion, a PE ratio of 7.76 and a beta of 1.25. The business has a 50-day moving average price of $19.11 and a 200 day moving average price of $19.67. FS KKR Capital Corp. has a 52 week low of $17.50 and a 52 week high of $20.99. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.20.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The business had revenue of $447.00 million for the quarter, compared to analysts' expectations of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Sell-side 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 announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were paid a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a yield of 13.24%. FS KKR Capital's payout ratio is currently 102.81%.

Analysts Set New Price Targets

FSK has been the subject of a number of research analyst reports. Compass Point lowered shares of FS KKR Capital from a "buy" rating to a "neutral" rating and cut their target price for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Hovde Group reissued a "market perform" rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods cut their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a "market perform" rating for the company in a research report on Tuesday, April 16th. Truist Financial cut their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, April 12th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.17.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 7,300 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $18.73 per share, with a total value of $136,729.00. Following the completion of the purchase, 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 SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by insiders.

About FS KKR Capital

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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