FS KKR Capital Corp. $FSK Shares Bought by Legacy Wealth Managment LLC ID

Legacy Wealth Managment LLC ID raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 14.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 168,407 shares of the company’s stock after buying an additional 20,712 shares during the period. FS KKR Capital comprises about 1.8% of Legacy Wealth Managment LLC ID’s portfolio, making the stock its 11th largest holding. Legacy Wealth Managment LLC ID’s holdings in FS KKR Capital were worth $3,494,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bison Wealth LLC raised its position in FS KKR Capital by 3.4% during the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock valued at $476,000 after acquiring an additional 720 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of FS KKR Capital by 46.7% during the 1st quarter. Bank of New York Mellon Corp now owns 91,220 shares of the company’s stock worth $1,911,000 after purchasing an additional 29,031 shares during the period. Allworth Financial LP increased its holdings in shares of FS KKR Capital by 5.7% during the 1st quarter. Allworth Financial LP now owns 16,534 shares of the company’s stock valued at $331,000 after purchasing an additional 894 shares in the last quarter. WESPAC Advisors LLC increased its holdings in shares of FS KKR Capital by 3.7% during the 1st quarter. WESPAC Advisors LLC now owns 34,593 shares of the company’s stock valued at $725,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in shares of FS KKR Capital in the 1st quarter valued at $296,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.0%

FSK stock opened at $15.21 on Friday. The company has a current ratio of 1.30, a quick ratio of 2.40 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average of $15.71 and a two-hundred day moving average of $18.77. FS KKR Capital Corp. has a 12 month low of $14.05 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same period in the prior year, the business earned $0.74 EPS. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 16.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. FS KKR Capital’s payout ratio is 263.92%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen lowered shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price on the stock in a research report on Monday, October 6th. Royal Bank Of Canada cut their price target on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.75.

FS KKR Capital 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.