FS KKR Capital Corp. (NYSE:FSK) Stake Trimmed by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,684 shares of the company’s stock after selling 5,428 shares during the quarter. Apollon Wealth Management LLC’s holdings in FS KKR Capital were worth $1,491,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FSK. Planned Solutions Inc. purchased a new position in FS KKR Capital during the 4th quarter valued at about $40,000. Provence Wealth Management Group bought a new position in FS KKR Capital during the third quarter worth about $45,000. Citigroup Inc. boosted its holdings in FS KKR Capital by 587.2% during the third quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock valued at $49,000 after purchasing an additional 2,114 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of FS KKR Capital by 20.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after buying an additional 575 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new stake in shares of FS KKR Capital during the third quarter worth $69,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $19.40 on Thursday. The company has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $19.66. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $20.99. The stock has a market cap of $5.43 billion, a P/E ratio of 7.79 and a beta of 1.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The firm had revenue of $447.00 million for the quarter, compared to the consensus estimate of $452.39 million. During the same quarter in the previous year, the business earned $0.81 earnings per share. As a group, equities analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current year.

FS KKR Capital Cuts Dividend

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

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares of the company’s stock, valued at $745,454. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FSK shares. Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $21.50 to $19.50 in a report on Tuesday, February 27th. Keefe, Bruyette & Woods cut their target price 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. Hovde Group restated a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, February 28th. Truist Financial lowered their price target on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Finally, Wells Fargo & Company lifted their price target on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and an average price target of $20.17.

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.