Private Advisor Group LLC Purchases 48,546 Shares of FS KKR Capital Corp. (NYSE:FSK)

Private Advisor Group LLC boosted its holdings in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 540,221 shares of the company's stock after acquiring an additional 48,546 shares during the period. Private Advisor Group LLC owned 0.19% of FS KKR Capital worth $10,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FSK. Wealthcare Advisory Partners LLC boosted its stake in shares of FS KKR Capital by 7.2% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 45,844 shares of the company's stock worth $915,000 after purchasing an additional 3,071 shares during the last quarter. Avidian Wealth Solutions LLC acquired a new stake in shares of FS KKR Capital during the 4th quarter worth about $295,000. Measured Wealth Private Client Group LLC boosted its stake in shares of FS KKR Capital by 8.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 35,353 shares of the company's stock worth $706,000 after purchasing an additional 2,757 shares during the last quarter. Provence Wealth Management Group boosted its stake in shares of FS KKR Capital by 76.6% during the 4th quarter. Provence Wealth Management Group now owns 4,035 shares of the company's stock worth $81,000 after purchasing an additional 1,750 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of FS KKR Capital by 3.7% during the 4th quarter. LSV Asset Management now owns 1,905,718 shares of the company's stock worth $38,057,000 after purchasing an additional 67,900 shares during the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

FS KKR Capital stock traded down $0.02 during mid-day trading on Tuesday, reaching $19.40. The company's stock had a trading volume of 1,031,701 shares, compared to its average volume of 1,639,835. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 7.80 and a beta of 1.23. The business has a 50 day moving average price of $19.00 and a 200-day moving average price of $19.66. 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 Corp. has a twelve month low of $18.31 and a twelve month high of $20.99.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.75. The company 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 last year, the business posted $0.81 earnings per share. Sell-side analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.20%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital's dividend payout ratio is currently 102.81%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSK. Keefe, Bruyette & Woods cut their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a "market perform" rating on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, April 12th. Truist Financial cut their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a "hold" rating on the stock in a report on Wednesday, February 28th. Compass Point lowered shares of FS KKR Capital from a "buy" rating to a "neutral" rating and cut their price target for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Finally, Royal Bank of Canada cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $20.17.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were purchased 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 in the company, valued at $745,454. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.