Kestra Private Wealth Services LLC cut its stake in shares of FS KKR Capital Corp. (NYSE:FSK – Get Rating) by 1.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 87,724 shares of the company's stock after selling 1,128 shares during the period. Kestra Private Wealth Services LLC's holdings in FS KKR Capital were worth $2,002,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FSK. Fountainhead AM LLC increased its stake in FS KKR Capital by 1.9% during the 1st quarter. Fountainhead AM LLC now owns 189,381 shares of the company's stock worth $4,322,000 after buying an additional 3,562 shares during the period. OLD National Bancorp IN purchased a new stake in shares of FS KKR Capital during the first quarter worth about $230,000. James Reed Financial Services Inc. acquired a new position in shares of FS KKR Capital in the fourth quarter worth about $331,000. IHT Wealth Management LLC boosted its holdings in FS KKR Capital by 4.8% in the first quarter. IHT Wealth Management LLC now owns 91,862 shares of the company's stock valued at $2,096,000 after purchasing an additional 4,196 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in FS KKR Capital by 110.4% during the 4th quarter. Qube Research & Technologies Ltd now owns 32,132 shares of the company's stock valued at $673,000 after purchasing an additional 16,857 shares in the last quarter. Hedge funds and other institutional investors own 35.74% of the company's stock.
Get FS KKR Capital alerts:Analysts Set New Price Targets
Several research firms have recently commented on FSK. Hovde Group reduced their target price on FS KKR Capital to $23.00 in a research note on Friday, May 20th. Compass Point decreased their price objective on shares of FS KKR Capital to $24.00 in a report on Monday, August 15th. Finally, Wells Fargo & Company boosted their target price on shares of FS KKR Capital from $19.00 to $20.50 and gave the stock an "equal weight" rating in a research report on Wednesday, August 10th.
FS KKR Capital Trading Up 0.4 %
NYSE:FSK opened at $20.54 on Friday. FS KKR Capital Corp. has a 52 week low of $18.08 and a 52 week high of $23.44. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.24. The company has a market cap of $5.82 billion, a PE ratio of 9.69 and a beta of 1.33. The business's 50 day moving average is $21.41 and its two-hundred day moving average is $21.46.FS KKR Capital (NYSE:FSK – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. FS KKR Capital had a return on equity of 9.93% and a net margin of 40.23%. The firm had revenue of $379.00 million for the quarter, compared to analysts' expectations of $378.79 million. On average, analysts predict that FS KKR Capital Corp. will post 2.86 EPS for the current year.
FS KKR Capital Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, September 14th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 13.05%. The ex-dividend date is Tuesday, September 13th. FS KKR Capital's dividend payout ratio (DPR) is presently 115.09%.
About FS KKR Capital
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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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