Maridea Wealth Management LLC Buys New Position in FS KKR Capital Corp. (NYSE:FSK)

Maridea Wealth Management LLC bought a new position in FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,076 shares of the company’s stock, valued at approximately $284,000.

Several other institutional investors have also recently added to or reduced their stakes in FSK. Van ECK Associates Corp increased its stake in shares of FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in FS KKR Capital by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock worth $94,989,000 after purchasing an additional 91,192 shares during the period. LPL Financial LLC grew its holdings in FS KKR Capital by 3.5% in the fourth quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock worth $77,837,000 after purchasing an additional 119,593 shares during the period. Transcend Capital Advisors LLC increased its stake in FS KKR Capital by 10.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after purchasing an additional 128,856 shares in the last quarter. Finally, Strong Tower Advisory Services raised its holdings in shares of FS KKR Capital by 3.5% during the fourth quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after purchasing an additional 36,127 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company lowered FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $21.00 to $19.00 in a research report on Monday, March 17th. JPMorgan Chase & Co. boosted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.30.

FS KKR Capital Trading Down 0.4 %

NYSE FSK opened at $21.00 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $22.54 and a 200 day simple moving average of $21.47. FS KKR Capital Corp. has a 12 month low of $18.53 and a 12 month high of $24.10. The firm has a market capitalization of $5.88 billion, a P/E ratio of 11.17 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. On average, analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.34%. The ex-dividend date is Wednesday, March 19th. FS KKR Capital’s dividend payout ratio is presently 122.49%.

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.