Larson Financial Group LLC Lowers Position in FS KKR Capital Corp. (NYSE:FSK)

Larson Financial Group LLC cut its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,987 shares of the company’s stock after selling 2,844 shares during the quarter. Larson Financial Group LLC’s holdings in FS KKR Capital were worth $1,817,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its position 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 acquiring an additional 101,845 shares in the last quarter. GP Brinson Investments LLC raised its stake in FS KKR Capital by 78.4% in the fourth quarter. GP Brinson Investments LLC now owns 517,707 shares of the company’s stock worth $10,339,000 after buying an additional 227,573 shares in the last quarter. Alpine Global Management LLC bought a new position in FS KKR Capital in the third quarter worth approximately $2,397,000. Integrated Wealth Concepts LLC increased its position in shares of FS KKR Capital by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 74,985 shares of the company’s stock worth $1,476,000 after purchasing an additional 2,627 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of FS KKR Capital by 2.3% during the third quarter. LPL Financial LLC now owns 2,997,068 shares of the company’s stock worth $59,012,000 after purchasing an additional 66,636 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Price Performance

FSK stock traded up $0.01 during mid-day trading on Tuesday, reaching $19.43. The company’s stock had a trading volume of 645,492 shares, compared to its average volume of 1,702,896. The stock has a market cap of $5.44 billion, a PE ratio of 7.80 and a beta of 1.25. 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 fifty-two week low of $17.50 and a fifty-two week high of $20.99. The company’s 50 day moving average is $19.17 and its two-hundred day moving average is $19.67.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $447.00 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.81 EPS. Equities research analysts expect that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.18%. FS KKR Capital’s dividend payout ratio is currently 102.81%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods reduced their price target on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. Royal Bank of Canada reduced their price target on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Hovde Group reissued a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, February 28th. Finally, Truist Financial lowered their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.17.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.