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

Legacy Wealth Managment LLC ID increased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,407 shares of the company’s stock after acquiring an additional 20,712 shares during the period. FS KKR Capital comprises 1.8% of Legacy Wealth Managment LLC ID’s investment portfolio, making the stock its 11th biggest position. Legacy Wealth Managment LLC ID’s holdings in FS KKR Capital were worth $3,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Savant Capital LLC lifted its position in shares of FS KKR Capital by 37.0% during the second quarter. Savant Capital LLC now owns 21,685 shares of the company’s stock worth $450,000 after purchasing an additional 5,857 shares in the last quarter. Soltis Investment Advisors LLC lifted its holdings in FS KKR Capital by 23.0% during the 2nd quarter. Soltis Investment Advisors LLC now owns 22,545 shares of the company’s stock worth $468,000 after buying an additional 4,216 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in FS KKR Capital by 0.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock valued at $89,514,000 after buying an additional 28,619 shares during the period. Ethos Financial Group LLC grew its stake in shares of FS KKR Capital by 1.5% in the second quarter. Ethos Financial Group LLC now owns 236,844 shares of the company’s stock worth $4,915,000 after acquiring an additional 3,527 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of FS KKR Capital during the second quarter worth $26,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank Of Canada decreased their target price on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating for the company in a report on Tuesday, August 26th. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 price objective for the company in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of FS KKR Capital in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, FS KKR Capital presently has an average rating of “Hold” and an average price target of $17.75.

FS KKR Capital Stock Performance

FSK stock opened at $15.21 on Friday. The business has a 50 day moving average price of $15.71 and a 200 day moving average price of $18.77. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.40 and a current ratio of 1.30. FS KKR Capital Corp. has a fifty-two week low of $14.05 and a fifty-two week high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $373.00 million for the quarter, compared to analyst estimates of $374.89 million. FS KKR Capital had a net margin of 17.24% and a return on equity of 5.63%. During the same period in the prior year, the firm posted $0.74 earnings per share. As a group, research analysts predict 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. Investors of record on Wednesday, December 3rd will be given a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.56 dividend on an annualized basis and a yield of 16.8%. FS KKR Capital’s payout ratio is 263.92%.

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.