Wealthcare Advisory Partners LLC Has $1.29 Million Stock Position in FS KKR Capital Corp. $FSK

Wealthcare Advisory Partners LLC lowered its stake in FS KKR Capital Corp. (NYSE:FSK) by 67.5% during the fourth quarter, Holdings Channel reports. The firm owned 86,831 shares of the company’s stock after selling 180,168 shares during the period. Wealthcare Advisory Partners LLC’s holdings in FS KKR Capital were worth $1,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Balyasny Asset Management L.P. bought a new stake in FS KKR Capital during the third quarter worth about $21,917,000. Van ECK Associates Corp grew its stake in FS KKR Capital by 23.3% during the third quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock worth $59,566,000 after buying an additional 752,956 shares in the last quarter. Gateway Wealth Partners LLC increased its holdings in FS KKR Capital by 4,863.0% in the 3rd quarter. Gateway Wealth Partners LLC now owns 723,508 shares of the company’s stock valued at $10,802,000 after buying an additional 708,930 shares during the period. North Ground Capital raised its position in shares of FS KKR Capital by 3,743.8% in the 3rd quarter. North Ground Capital now owns 615,000 shares of the company’s stock valued at $9,182,000 after buying an additional 599,000 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of FS KKR Capital in the 3rd quarter valued at approximately $6,702,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.4%

FSK stock opened at $9.95 on Tuesday. The firm has a 50-day moving average price of $12.13 and a 200-day moving average price of $14.10. FS KKR Capital Corp. has a 12 month low of $9.72 and a 12 month high of $22.68. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $2.79 billion, a P/E ratio of 331.50 and a beta of 0.86.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The company had revenue of $348.00 million during the quarter, compared to analyst estimates of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same quarter in the previous year, the business posted $0.66 earnings per share. As a group, equities research analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be given a $0.03 dividend. The ex-dividend date is Wednesday, March 18th. This represents a yield of 118.0%. FS KKR Capital’s dividend payout ratio (DPR) is currently 6,000.00%.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $11.25 per share, with a total value of $56,250.00. Following the completion of the purchase, the insider owned 64,800 shares in the company, valued at $729,000. This represents a 8.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on FSK shares. Zacks Research downgraded shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Weiss Ratings downgraded shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Truist Financial cut their target price on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. B. Riley Financial reduced their target price on FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on FS KKR Capital from $13.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Seven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $13.36.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.